Impact of strong growth of Indian IT companies on American economy
Is India is the next US dependency? US political and business leaders making strategies to counter their rival China economy growth. Impact of strong growth of Indian IT companies on American economy increased lots after 2021.
Indian IT companies like Infosys, HCL, TCS, and Wipro increased their selling in American market. US economy always wanted to do buisness very fast and information technology provided by Indian IT companies helped American economy growth very efficiently at faster rate.
NASSCOM which is word famous IT industry body has said that positive impact of strong growth of Indian IT companies on American economy growth and contributed lot in jobs creation both directly and indirectly inside America economy.
India and America both nation are world power in terms of military and economic trade also. India and America working together with similar objective of interest to counter china economy development.
India and America relationship are historical good in future also then impact of strong growth of Indian IT companies on American economy growth results in positive.
American economy get boost in their buisness activities with the help of IT companies of India. Technology are used to solve problems of buisness in modern economy.
In recent years impact of strong growth of Indian IT companies on American economy showed cutting edge growth in field of artificial intelligence, machine learning, cloud migration and internet speed of goods.
Many US economy expert like NASSCOM president said that indian IT companies minimise job opportunity to american trained skilled labour.
American economy think that to overcome rapidly growing china economy no other nations important than India. As nation India is second largest population world and have world class talent in information technology.
India as nation can provide low cost talented skilled labour similar to china labour costs. US economy used Indian IT companies services to save money of economy in business.
Most of US industry strongly dependent on indian IT companies goods and services. Many US buisness leaders very concerned about risks of dependency as impact of strong growth of IT companies on American economy.
Indian IT companies showing strong growth inside American economy because US economy showing dependency increased on information technology as surplus Indian IT companies selling in US market.
Covid-19 pandemic US economy showing major dependency on china for various types of goods. Indian economy boost up after covid-19 first case due to increased Indian IT companies surplus export with US.
From 2021 US market become major selling market for Indian IT industry. Technology advancement made Indian IT companies to do buisness easily inside US economy.
Indian IT industries contribute immensely to the US economy
US economy dependency on tele communication on Indian IT companies increased from 2021 and still increasing due to impact of growth of Indian IT companies on American economy. In terms of jobs creation indian IT industries contribute immensely to the US economy.
History of economic states that Indian IT industries contribute immensely to the US economy growth in form trade between Indian economy and US economy increased more than $500 billion US dollars and critical role played by IT industries.
Market segment of US economy always looking for advanced technology and fast working Indian IT companies contribute immensely to the US economy.
More than 6,00,000 indian as employees working inside IT companies inside US economy through H-1B visa. Indian IT companies provided advanced level of services at low labour costs.
Arround three quarters employees working inside America companies from india through H-1B visa and major portion in IT companies of US. Indian IT companies provided services to US industry at lower cost office back services.
Past 30 year china economy developed from contract based manufacturers of goods. China global become market leader in various strategic points.
Future of IT industries in India
Future of IT industries in India very bright future on indian economy. It is expected to believe that revenue of It industries increased there revenue $ 600 - $ 800 billion US dollars.
IT industry of India revenue at present at 2022 market size ₹ 16000 crore and hopefully cross the mark of ₹ 84700 till 2026.
Indian IT industries growing cutting edge technology like artificial intelligence, machine learning and smart internet selling of goods.
It industry of India provided technology support at low cost to many foreign countries like US, Europe, etc.
Indian IT industries made their presence strong in every year and services provided by of Indian IT industries world famous for his efficiency.
What are the causes for IT industries development in India
The causes for IT industries development in India are many and one by one we discussed here. India is very big country in geographically and on the basis of population India 2nd in population wise just after china.
Huge population of India become major advantage for its economy because India have largest working population at cheapest labour costs in comparison with other countries of the world.
Indian population mostly good in speaking and writing english. Knowing english is the cause IT industry development in India because Indian population used this english skill in information technology. More IT demand currently demanded in developed economies like US economy, japanese economy, etc.
After covid-19 pandemic strike in India, central government of India given motivation to IT companies to become self dependent on its own field and running scheme campaign like made in India.
Another causes of for IT industry development in India due to huge population of India results in more number of people knowing same technology skill and ready to work at cheaper payment of work in comparison with other countries labour costs because there availability is very less.