Indian Companies Invest Billions, Create Thousands of Jobs in the U.S.

[Echo_419]

It's called globalization - China plans to do the same in Pakistan - does that mean Pakistan is squeezing China as much as it can?

No point in arguing with kids

Both are different economies - While India's is an emerging one - US's is a developed one.

As said earlier - It's about Globalization - The investments and Jobs created by India in US are created by Indian Private Sector Firms not the Indian government (though PSU's might be involved) - Private players go where the marketplace is more mature. It is also the question of market size. Although the 1.2 billion dollar home market may be a very big market, operating globally gives you a much bigger market size.

This, however, is not something that has happened overnight like for example the Indian IT industry. When we started the revolution of IT services in 1990s with companies like HCL, Wpiro and Infosys, it was all about labour arbitrage and how to get things done in a cheaper, better and more efficient way in India. Now that story has been beaten to death and people are more aware of what services companies are doing in the context of the opportunities that exist globally. Hence, instead of being a mere back end provider, people want to move up the value chain. People understand the opportunities and are now questioning why they can’t go out and address it.

Indian Companies set up bases from where they get their contracts - Infosys's Finacle, a core banking software package is the choice of 183 banks across 84 countries and serves 16.5 percent of the world’s banked population - recently it won a contract for serving the US banks' Verizon cloud platforms - for that it needs a base to operate in US for it's not merely outsourcing and when it sets up a base in US it has to employ the local population only and that is what it does.

India is UK’s 3rd Largest Job Creator - It finances over 122 projects employing thousands locally - in turn it earns revenues which runs in millions and probably billions.

India UK’s 3rd Largest Job Creator with 65% FDI Increase - #2 in London : UK Trade Investment Agency

Post-Lehman & post-Global Financial crisis of 2007–08 - the advanced economy have lost their pace and haven't fully recovered since then - It's an opportunity for Emerging Economies to dominate the global stage and why should Indian Companies lag in it?

Exactly Indo-US relegation is a mutually benifitial one

 

[nForce]

Turning 18 next month!



Haters gonna hate - they are pathological haters - nothing can convince them!

wow.. one thing for sure.. I didn't have that maturity when I was 18..I was happy wooing girls and bowling..

 

[kez]

Evil amrikis . Only good to you if you serve their purpose.

There's nothing wrong with that.
India is also good to them only as long as they serve our purposes. No nation state does things for the heck of it.
We have opposed half a dozen of their plans and frustrated all their efforts at bringing climate change regulations against us.

We are all bound by our national interests.

 

[Chanakya's_Chant]

Highlights:

* Together, 100 Indian companies employ more than 91,000 people across 35 states and the Washington DC, the American capital.

* The total value of tangible investments made by these 100 companies exceeds $15.3 billion.

* The top five states in which Indian companies have generated maximum employment are: New Jersey (9,278 jobs), California (8,937 jobs), Texas (6,230 jobs), Illinois (4,779 jobs) and New York (4,134 jobs).

* The top five states in which Indian companies have contributed the highest foreign direct investment are: Texas ($3.84 billion), Pennsylvania ($3.56 billion), Minnesota ($1.8 billion), New York ($1.01 billion) and New Jersey ($1 billion).

* The average amount of investment received from Indian companies per state is $443 million.

* 84.5 percent of the companies plan to make more investments in the US.

* 90 percent of the companies plan to hire more employees locally in the next five years.

 

[India defense]

U.S.A is squeezing India as much as it can.

true..thank god Pakistanis are spared

 

[SQ8]

Pakistan had a good economy till the early 80s.
For the people of Pakistan, I wish it improves.

You guys really need to do history beyond what they teach in India. Pakistan had a shitty economy in the 80's thanks to the dictator. What saved it was US aid and influencing of economics in the world to tilt in Pakistan's favour in certain markets.
They did the same in the early 2000's as well, which is why Musharraf and his technocrats were able to create a false façade of consumerism through which they showed prosperity.

 

[nForce]

You guys really need to do history beyond what they teach in India. Pakistan had a shitty economy in the 80's thanks to the dictator. What saved it was US aid and influencing of economics in the world to tilt in Pakistan's favour in certain markets.
They did the same in the early 2000's as well, which is why Musharraf and his technocrats were able to create a false façade of consumerism through which they showed prosperity.

There can be several indicators. Tax-to-GDP ratio is a good way of looking at it.

 

[SQ8]

There can be several indicators. Tax-to-GDP ratio is a good way of looking at it.

If the GDP was pretty crappy then any tax off it could be considered good. Pakistan is still an agrarian economy and for that its grey market is what keeps it running.

 

[nForce]

If the GDP was pretty crappy then any tax off it could be considered good. Pakistan is still an agrarian economy and for that its grey market is what keeps it running.

Now there cannot be any tax money if there is no money in the first place, right ? That's why Tax-to-GDP is a good indicator.

Also, if I'm not mistaken Pakistan started it well, took American help who helped Pakistan in building core industries starting in the 60s I believe ?
By it's very nature, setup of core industries to making it fully functional and profitable takes about 10 years. So, they were doing pretty good back then.
You should start a thread on finding out the reason what messed it up.

 

[Donatello]

There can be several indicators. Tax-to-GDP ratio is a good way of looking at it.

What it means is that tax collection has not gone up with the economic growth....and yes we know that......

 

[nForce]

What it means is that tax collection has not gone up with the economic growth....and yes we know that......

that's great..

 

[Chanakya's_Chant]

Mahindra & Mahindra is the latest Indian company to join the league - It has set up the North American Technical Center, located in Troy employing a staff of about 80 — mostly engineers — with plans to grow. Mahindra also has an electric scooter manufacturing plant in Ann Arbor, Mich., that will launch production in November. The two facilities have a combined investment in Michigan of about $30 million.

And Mahindra is in the running for a $5 billion contract with the U.S. Postal Service to supply 180,000 vehicles a year for five years.

Indian automaker outsources to Detroit