The Indian tech industry directly employed 207,000 people in the US last year, a new Nasscom report showed yesterday. The average wage for them was $106,360 in 2021.
The direct impact of the Indian tech industry has helped the US economy generate a total of $396 billion in sales to date, supporting 1.6 million jobs and contributing over $198 billion to the American economy, larger than the combined economies of 20 US states in 2021, according to a report by Nasscom and IHS Markit (now part of S&P Global).
“The Indian tech sector works with more than 75% of the fortune 500 companies, most of them headquartered in the US and is therefore well equipped to understand and meet the critical skill challenges of the digital age,” said Debjani Ghosh, President, Nasscom, as per IANS.
The Indian technology companies have reportedly contributed over $1.1 billion and developed partnerships with nearly 180 universities, colleges, community colleges, and others to strengthen and diversify the STEM pipeline in the US.
In addition, over 2,55,000 current employees have been upskilled by the sector, the report noted.
The Indian tech industry had reportedly hired nearly 4.5 lakh people in FY2022, a Nasscom report had revealed earlier.
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The IANS report mentioned that the Indian technology industry in the US has played a significant role in expanding the talent…
