Indian IT companies contributed $ 57.2 bn to American GDP in 2017, says Indian Ambassador to US Shringla

Indian IT companies contributed USD 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.

In his address at the 2019 State International Development Organisation (SIDO) Conference on “US-India Trade and Investment: Opportunities and Best Practices,” Shringla said Indian IT companies in the US are deeply embedded in the roots of American society and their contributions have exceeded far beyond the economy.