'India net job creator for U.S. not other way around'

Friday, 31 December 2010, 06:08 Hrs
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Washington: India is a net job creator for U.S. companies, not the other way around, NASSCOM Chief Som Mittal said, strongly refuting the public perception here that outsourcing and free trade agreements are responsible for America's current economic woes.

"India is a net job creator for U.S. companies, not the other way around. The Indo-U.S. economic relationship benefits the American economy and its job market in many important and tangible ways," Mittal wrote in an opinion piece in the Seattle Times.

The U.S. has emerged as a preferred destination for Indian investment. In fact, India now ranks second, behind the UAE, in the list of fastest-growing foreign investors in the U.S., he argued in his article.
Source: PTI
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