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Contribution of Indian Industry to the US Economy
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Contribution of Indian Industry to the US Economy is a recent study undertaken by the India Brand Equity Foundation (IBEF), which is the Ministry of Commerce and Industry's partnership with the Confederation of Indian Industry (CII). The study provides a comprehensive analysis of the top five verticals of Indian industry that have contributed to the US economy during the period 2004 to 2007. |
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| According to the study, the Indian industry contributed US$ 105 billion to the US economy and supported approximately 300,000 jobs during 2004 to 2007. |
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Study Highlights
- Key drivers of increased Indo-US partnership
- Delivering economic synergies
- Leveraging talent for productivity improvement
- Faster time-to-market for new products
- Indian industry has helped US corporations in improving customer satisfaction and delivering process excellence
- Revenue contribution: Approximately US$ 105 billion (2004-2007)
- Employment contribution: Approximately 300,000 jobs (2004-2007)
- Contribution of Indian automotive industry to the US
- Monetary: US$ 5.5 billion (approximately)
- Employment: 2,860 jobs (approximately)
- Contribution of Indian aerospace/aviation industry to the US
- Monetary: US$ 13 billion (approximately)
- Employment: 28,000 jobs (approximately)
- Contribution of Indian gems and jewelry industry to the US
- Monetary: US$ 14 billion (approximately)
- Employment: 5,300 jobs (approximately)
- Contribution of Indian IT industry to the US
- Monetary: US$ 65 billion (approximately)
- Employment: 250,000 jobs (approximately)
- Contribution of Indian pharmaceuticals industry to the US
- Monetary: US$ 8.4 billion (approximately)
- Employment: 13,500 jobs (approximately)
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| Product Cost* |
India: INR 3000
International: INR 3000 |
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| * Product cost inclusive of shipping charges |
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