News »Browse Articles » India created 3 Lakh jobs in U.S. in 3 years

Bangalore: Corporate India has produced 3,00,000 jobs for people in the U.S. between 2004 and 2007, though the Indian outsourcing industry is blamed for taking away American jobs, says a study.

According to the study by India Brand Equity Foundation, the Commerce and Industry Minister Anand Sharma mentioned that Indian industry has contributed $105 billion to the U.S. economy during 2004-07.

Sharma said,"This revealed a story of commitment to optimize and to invest in the future of the relationship."

Encouraged by U.S. President Barack Obama`s calls, many U.S. companies moved from Bangalore to Buffalo. Therefore the $50 billion Indian outsourcing industry now has come across a major crisis in the U.S.

Source:
http://siliconindia.com/shownews/India_created_3_Lakh_jobs_in_US_in_3_years-nid-

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