Indian firms created 1.13 lakh jobs in U.S., says CII

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Mains Paper 2: IR | Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.

From UPSC perspective, the following things are important:

Prelims level: Particulars of the CII

Mains level: The study shows India’s contribution in America’s Economy


News

Study by the Confederation of Indian Industry (CII)

  1.  Study: “Indian Roots, American Soil”
  2. It has found that 100 Indian companies have created 1,13,423 jobs in the U.S with an investment of $17.9 billion, across all States
  3. It can be seen as an occasion to shore up political support for continuing economic engagement between the two countries in a political climate of protectionism

Significance of the study

  1. The fifth edition of the biennial study has political significance this year given the Donald Trump administration’s strong views on economic ties that displace American workers
  2. The Indian companies are spending significant amounts in America as part of their CSR initiatives is testimony to the fact they are deeply invested in this country and society
  3. The study found 87% of firms plan to hire more locally in the next five years

Back2basics

Confederation of Indian Industry(CII)

  1. The Confederation of Indian Industry (CII) is a premier business association in India which works to create an environment conducive to the growth of industry in the country.
  2. CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India’s development process
  3. Founded in 1895, India’s premier business association has over 8,300 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 200,000 enterprises from around 250 national and regional sectoral industry bodies
  4. CII works closely with the Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness and business opportunities for industry through a range of specialized services and strategic global linkages
Foreign Policy Watch: India-United States
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