Indian Tech Companies Contributed Nearly $200 Billion to the US Economy

Last year, the Indian information technology (IT) industry contributed significantly to the US economy through job creation and local investments in training next-generation talent and driving innovation. Indian technology companies have spent $396 billion on US sales output. According to a NASSCOM report, this supported 1.6 million jobs and contributed $198 billion to the US economy, which is larger than the combined economies of 20 US states in 2021.

“From the value chain through to the end customers, Indian technology companies invest in American talent and technology that they augment with their global resources to develop and produce cutting-edge innovations for industries and clients,” the report said.

Last year, the sector generated $103 billion in direct revenue in the United States, while employing 207,000 people. According to the report, the Indian tech industry generated an average wage of $106,360 for employees in the United States.

The title of the report is 'Impact of Indian Technology Companies on the US Economy and Building the Current and Future US Workforce: Role of the Indian Technology Industry in the US.'

“The Indian technology industry makes a critical contribution to the US economy through local investments, fuelling innovation and the labour force, and enabling skill development for the local workforce,” said Debjani Ghosh, president at Nasscom.