Source | economictimes.indiatimes.com | Shilpa Phadnis
MUMBAI: Some in the United States project Indian IT as sweatshops exporting armies of low-wage tech workers. That has influenced the country’s immigration policy, especially under Donald Trump.
So when the US president comes visiting later this month, IT industry body Nasscom intends to disprove that. And one data point seems to be particularly powerful. Indian IT firms are estimated to have paid an average compensation of $96,300 to its US employees in 2018, higher than the average wage of $94,800 that IT professionals get in the US. This is data from US research firm IHS Markit Research.
The Indian IT story is also compelling from the US job-creation standpoint. In 2018, Indian IT employed nearly 1.8 lakh people in America and supported an additional 3.4 lakh jobs across the US economy. So a total of over 5 lakh direct and indirect jobs.