It also documented charitable activities by Indian IT services companies in the US through volunteers, scholarships and grants such as a $35 million gift from Tata Consultancy Services to Carnegie Mellon University announced last month.
Sitharaman said Indian IT organisations benefit from access to the US market, "just as American IT organisations benefit from their investments and operations in India". "This momentum is surely going to increase manifold with new partnership opportunities emerging in the areas of Digital India and Smart Cities for American technology firms."
"The two-way flow of investments and intellectual talent is central to the growing commercial and strategic relationships between India and the US," noted NASSCOM president R. Chandrashekhar. Direct and indirect jobs supported by India's IT sector in the US grew at an annual rate of 10 percent in 2011 to 2014, or about six times higher than the average jobs growth rate of 1.7 percent during that same period, the report said. States leading the number of direct jobs created by India IT sector operations and investments are California, Texas, Illinois, New Jersey, New York, Georgia, Ohio, Washington, Michigan, and Pennsylvania.
Texas, Michigan, Illinois, California and Georgia had the fastest rate of job growth in 2011-2013.
In addition to jobs, investments and taxes paid, the report estimated that philanthropic activities by Indian IT companies touched more than 120,000 American lives in 2011-2013. These had a major focus on educating more Americans in science, technology, engineering and math (STEM) skills increasingly needed by the US employers.