Indian Firms: The Employment Hub in the US

India, which primarily serves the US as a major market for their products and services, has managed to grasp a strong hold on American soil by becoming the fourth largest source of FDI in the US.  Yes it’s true! With the deepening of the US-India relations, Indian firms have become a great source of economic growth in the states. It’s a moment of proud and honour that our country manages to grow another economy, which is already performing brilliantly on the economic front. Well, you must be thinking how is Indian investment abroad benefiting US?

Apart from adding on to their foreign exchange, the Indian firms have contributed a great deal in diversification and development of various sectors in the US. Its major contribution is to the IT sector with the expansion of other sectors like manufacturing, tourism, food, energy and many more. What has this led to? This has led to an outburst of great employment opportunities to the workforce. Indian firms have managed to secure a significant position in the US labour market. They have now become the employment hub for the US workforce. At the launch of the report -“Indian Roots, American Soil”, by the Confederation of Indian Industry (CII), Indian firms were given due recognition for achieving the central employment spot for the  job seekers in the US. It is quite similar to MNC’s on our Indian soil attracting the maximum employment of skilled labour. About 100 Indian companies have managed to create about 91000 jobs in the states.5 major states have managed to gain direct employment by the Indian firms. These states are New Jersey, California, New York, Texas and Illinois. These firms have also contributed in the growth and prosperity of the local communities. So the Indian firms are performing brilliantly on the social front which is really commendable and is worth appreciation.  Indian firms have worked upon the education programmes and other schemes wherever they expanded their operations in the US.

And this is definitely not the end! With the growing Indian investment in the US in the years to come, India is expected to create many more job opportunities for the labour market. So, India has much more to offer to the workforce.

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