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Indian IT companies contributed $57.2 billion to US GDP in 2017

Washington: Indian IT companies contributed $57.2 billion to the GDP of the US in 2017, India’s top diplomat in the US said on Tuesday.

Addressing business leaders in Denver, Colorado, India’s Ambassador to the US Harsh Vardhan Shringla said India-based global IT services companies employ more than 175,000 workers in the US accounting for 8.4 per cent of employment in the computer systems design and related services industry.

“The US-India relationship is at a critical juncture and needs to evolve with the changing landscape of US global trade relations. State-to-state ties help Indian companies investing in the U.S. and U.S. companies who need support at the ground level in India,” said USIBC president Nisha Desai Biswal.

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Source: Economic Times