Washington, June 23: The US has said enhancing economic ties with India will create thousands of jobs for Americans, as against the general impression about the US jobs being outsourced to the South Asian country.
Addressing a luncheon meeting of the Indo-US CEO Forum, the US Secretary of State, Hillary Clinton said, “Just last week Congressman Jim McDermott unveiled a report by the India-US World Affairs Institute showing that Indian investment in the US grew by an estimated 60 per cent in 2009, to over USD 7 billion.”
“That same report indicated that trade in goods between our countries tripled between 2004 and 2008, and that since 2004 Indian acquisitions in the US have supported approximately 40,000 jobs here, with manufacturing exports to India linked to another 96,000 jobs.
“That’s great progress and it is a solid base on which to build,” Clinton said.
–PTI