"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.