Indias IT services sector expands jobs, investments, taxes

paid and community support across the U.S.

WASHINGTON D.C.--(BUSINESS WIRE)--Showing

the positive impact of the Indian information
technology industry in the U.S., the National
Association of Software and Services Companies
(NASSCOM) today released a report titled,
Contributions of Indias Tech Industry to the U.S.
Economy on the sidelines of U.S.-India Strategic
Henry Fayette Group and Commercial Dialogue.
According to the report, India-based IT companies
providing services to American businesses and
other customers invested more than $2 billion in
2011-2013; paid $22.5 billion in taxes to the U.S.
Treasury in the last five years; and today support
more than direct and indirect 411,000 jobs in the
U.S. majority of those are held by U.S. citizens and
permanent residents). The report also documented charitable activities by Indian IT services
companies in the U.S. through volunteers, scholarships and grants such as a $35 million gift from
Tata Consultancy Services to Carnegie Mellon University announced last month.
Introducing the report, Indias Minister of State for Commerce and Industry, Ms. Nirmala
Sitharaman, said Indian IT organizations benefit from access to the U.S. market, just as American IT
organizations benefit from their investments and operations in India. She added, This momentum is
surely going to increase manifold with new partnership opportunities emerging in the areas of
Digital India and Smart Cities for American technology firms.
In the reports forwarding remarks, NASSCOM President R. Chandrashekhar noted that The two-way
flow of investments and intellectual talent is central to the growing commercial and strategic
relationships between India and the U.S. For many years, NASSCOM has advocated for more open
markets for U.S. companies in India, as well as for U.S. policies that permit temporary high-skilled
workers from India to support their hundreds of American customers.
Direct and indirect jobs supported by Indias IT sector in the U.S. grew at an annual rate of 10
percent in 2011 to 2014, or about six times higher than the average jobs growth rate of 1.7 percent
during that same period. The report further noted that states leading the number of direct jobs
created by India IT sector operations and investments are California, Texas, Illinois, New Jersey,
New York, Georgia, Ohio, Washington, Michigan, and Pennsylvania. Texas, Michigan, Illinois,
California and Georgia had the fastest rate of job growth in 2011-2013.
In addition to jobs, investments and taxes paid, the report estimates that philanthropic activities by
Indian IT companies touched more than 120,000 American lives in 2011-2013, with a major focus on
educating more Americans in science, technology, engineering and math (STEM) skills increasingly
needed by the U.S. employers. The report also lists several recent examples of grants by leading
India-based IT services companies including a $5 million per year grant by Infosys for nonprofit
organizations engaged in delivering services, research and advocacy; an $8 million commitment

from Wipro to support fellowships for STEM education teachers; and a $35 million commitment from
Tata Consultancy Services (TCS) to Carnegie Mellon University in August for a new 40,000 squarefoot technology building plus fellowships and scholarships for outstanding students.
Indian Minister of State for Commerce and Industry Minister Sitharaman is visiting Washington, DC,
Sept. 21-22 for the U.S.-India Strategic and Commercial Dialogue hosted by her counterpart, U.S.
Secretary of Commerce Penny Pritzker. Announcing plans for the dialogue during her visit to India
with President Obama in January 2015, Pritzker said, the dialogue would ensure that the United
States and Indian businesses small, medium and large are in a position to capitalize on abundant
opportunities that exist in both of our countries.
About NASSCOM
NASSCOM is the premier trade body and the chamber of commerce of the IT-BPM industry in India.
NASSCOM is a global trade body with more than 1800 members, which include both Indian and
multinational companies that have a presence in India. NASSCOM's member and associate member
companies are broadly in the business of software development, software services, software
products, consulting services, BPM, e-commerce and web services, engineering services and
animation and gaming. NASSCOMs Henry County Group - Elon Bomani membership base
constitutes over 95% of the industry revenues in India and employs about 3 million professionals.
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