BENGALURU: The Indian tech industry employs 207,000 people in the US, with an average salary of $106,360, said a report by the industry body NASSCOM and American financial information company S&P Global.
There is an increase of 22% in employment as compared to 2017.
The report said that the Indian tech sector generated $103 billion in revenue from the US market in 2021. The impact of the Indian tech industry and supporting its US customer base through their projects has generated a total of $396 billion, the report said. In US sales (production), supporting a total of 1.6 million jobs and contributing more than $198 billion to the US economy – larger than the economies of 20 US states combined in 2021. NASSCOM was not available to explain how these figures were arrived at. ,
The Indian technology industry in the US has played a key role in expanding the talent pool outside the traditional tech hub states, the report said. This has contributed to some of these states, such as North Carolina, becoming emerging tech hubs.
Nasscom President Debjanik Ghosh The Indian technology industry makes a significant contribution to the US economy through promoting local investment, innovation and labor force and enabling skill development for the local workforce. Today the US has the largest demand compared to other geographies. There is a supply gap. The Indian tech sector works with more than 75% of Fortune 500 companies, most of which are headquartered in the US, and therefore well-equipped to understand and meet the critical skill challenges of the digital age. is equipped.
Ghosh said that strategic collaboration between the two countries, industry partners and academia will be the key to bridging this demand-supply gap and creating growth-oriented solutions that focus on building human capital to further enhance the US economy’s competitiveness on a global scale. Let’s focus.
The report stated that the demand Trunk Businesses in the US are expected to grow 1.5 times faster than non-STEM businesses over the next decade. About 70% of this demand growth is expected to be driven by IT businesses, which will account for 51% of STEM businesses by 2030. “In 2021, there were a total of 6 job postings for every 1 available computer and math worker. The US now has 11 open postings per available IT worker in 2022, widening the global talent demand-supply gap. The Indian technology industry in the US is well positioned to close this STEM gap by emphasizing core skills and building foundational blocks for learning,” it said.
Indian technology companies have developed partnerships with nearly 180 universities, colleges, community colleges and others to strengthen and diversify the STEM pipeline in the US, contributing more than $1.1 billion.
There is an increase of 22% in employment as compared to 2017.
The report said that the Indian tech sector generated $103 billion in revenue from the US market in 2021. The impact of the Indian tech industry and supporting its US customer base through their projects has generated a total of $396 billion, the report said. In US sales (production), supporting a total of 1.6 million jobs and contributing more than $198 billion to the US economy – larger than the economies of 20 US states combined in 2021. NASSCOM was not available to explain how these figures were arrived at. ,
The Indian technology industry in the US has played a key role in expanding the talent pool outside the traditional tech hub states, the report said. This has contributed to some of these states, such as North Carolina, becoming emerging tech hubs.
Nasscom President Debjanik Ghosh The Indian technology industry makes a significant contribution to the US economy through promoting local investment, innovation and labor force and enabling skill development for the local workforce. Today the US has the largest demand compared to other geographies. There is a supply gap. The Indian tech sector works with more than 75% of Fortune 500 companies, most of which are headquartered in the US, and therefore well-equipped to understand and meet the critical skill challenges of the digital age. is equipped.
Ghosh said that strategic collaboration between the two countries, industry partners and academia will be the key to bridging this demand-supply gap and creating growth-oriented solutions that focus on building human capital to further enhance the US economy’s competitiveness on a global scale. Let’s focus.
The report stated that the demand Trunk Businesses in the US are expected to grow 1.5 times faster than non-STEM businesses over the next decade. About 70% of this demand growth is expected to be driven by IT businesses, which will account for 51% of STEM businesses by 2030. “In 2021, there were a total of 6 job postings for every 1 available computer and math worker. The US now has 11 open postings per available IT worker in 2022, widening the global talent demand-supply gap. The Indian technology industry in the US is well positioned to close this STEM gap by emphasizing core skills and building foundational blocks for learning,” it said.
Indian technology companies have developed partnerships with nearly 180 universities, colleges, community colleges and others to strengthen and diversify the STEM pipeline in the US, contributing more than $1.1 billion.