Indian tech firms directly employed 207,000 people in US in a year

According to a new report by India’s National Association of Software and Service Companies (NASSCOM), the Indian tech industry generated $103 billion in revenue and directly employed 207,000 people in the US last year, with an average wage of $106,360 - witnessing a 22 per cent employment growth since 2017.
 
The NASSCOM report states that the direct impact of the Indian tech industry has helped the US economy generate a total of $396 billion in sales to date, supporting 1.6 million jobs and contributing over $198 billion to the American economy - larger than the combined economies of 20 US states in 2021.
 
The Indian technology companies have contributed over $1.1 billion and developed partnerships with nearly 180 universities, colleges, community colleges, and others to strengthen and diversify the STEM pipeline in the US.
 
It also has provided over $3 million more for just K-12 initiatives. These efforts have touched over 2.9 million students and teachers to date in the US. In addition, over 2,55,000 current employees have been upskilled by the sector, the report noted.
 
The Indian technology industry in the US has played a significant role in expanding the talent pool outside of traditional tech hub states. This has contributed to some of these states, such as North Carolina, becoming emergent tech hubs.
Over the last decade, these states have grown their employment rate by 82 per cent, making outsized contributions particularly in states that have below US average concentrations in IT talent, according to the report.