New Delhi: Indian investments in the US has reached US$ 11 billion and has created more than 100,000 jobs, according to a report titled ‘Investing in America, How India Helps Create American Jobs’ by the US India Business Council (USIBC).
The report highlights ways in which the US economy is benefitting from the successful bilateral and business relationship with India, is scheduled to be released during the USIBC’ 38th Anniversary Leadership Summit on July 11, 2013.
The Indian direct investment in the US grew from US$ 200 million to nearly US$ 5 billion during 2000-10 and created 50,000 jobs, said Mr William Burns, US Deputy Secretary of State, in October 2012.
Indian investment in the US has touched US$ 11 billion, with as many as 100,000 American jobs created, according to the latest USIBC study.
USIBC has launched the Coalition for Jobs and Growth (CJG) to protect the interest of Indian companies in the US, which helps American businesses remain competitive in the global economy.
"USIBC supports the free movement of technical professionals. This freedom of movement is essential to US job creation, and is at the heart of our future economic prosperity," said Mr Ron Somers, President, USIBC.
The CJG believes that an open American economy helps give the United States the influence it needs to ensure that other economies stay open as well, it said.
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