Survey: Indian firms created 81,000 jobs in US in 2013

Written by PTI | Washington | Updated: Mar 29 2014, 09:19am hrs
Indian firms, through massive $17-billion investment in the US, have collectively generated employment opportunities for more than 81,000 people in the country, according to a survey. The annual CII survey of 68 Indian companies in 40 US states for 2013, made public on Thursday at an event at Capitol Hill, showed that New Jersey, California, New York, Texas and Illinois have the largest concentration of Indian firms.

"According to the survey, the collective investments amount to a whopping $17 billion as of today and together they generate employment for more than 81,000 people in the US," said the report. In fact, in recent years, India has emerged as one of the 10 fastest growing sources of FDI into the US, according to data from the US department of commerce.

Data from RBI shows the US features among the top five destinations for FDI from India. "All these factors point to the growing prowess of Indian industry in the US, in terms of investments, job creation and thus, overall economic impact. The US-India economic relationship is poised for further growth, though awaits more impetus," the CII report said.