India Starting to Export Jobs to the US

ISiddiqui · 12-19-2006, 08:11 AM

http://www.hindustantimes.com/news/181_1836466,0002.htm

Quote:

Win-win for all in IT trade; India now exporting jobs to US

Press Trust of India

New Delhi, November 5, 2006

IT professionals in the US may soon stop complaining about their jobs being 'Bangalored' as the latest trend shows that India has also started exporting jobs to the US to meet the demand generated by widespread growth in the technology space.

With the global technology trade expanding further, countries like India and China are no longer just the recipients of foreign investments and outsourced jobs, they are now exporting jobs to the US as well by opening R&D and manufacturing facilities there, a new study shows.

In a reversal of trends, Indian and Chinese companies are now exporting jobs to America by expanding their presence on the US soil — hence proving that the global tech trade can create win-win opportunities for all nations involved, global IT research major Forrester said in a report.

As the domestic firms from two Asian countries — such as India's Tata Group and Infosys and China's Lenovo and Haier start expanding abroad, they are creating new investment projects and are hiring sales and service staff worldwide including the US, Forrester Research's Navi Radjou said.

According to the data compiled by IBM-Plant Location International, India moved up to the seventh position in the league of FDI origin countries in terms of the number of projects in 2005, from its 10th position in the previous year with as many as 218 projects.

While the US was the biggest recipient of Chinese FDI in 2005, the United Kingdom received the highest number of FDI projects from India. The US was the fourth biggest FDI recipient from India in 2005 with a total of 17 projects, as against 45 received by the UK.

Rizon · 12-19-2006, 08:19 AM

Oh, I thought this was taxicab drivers and convenience store clerks.

Dutch · 12-19-2006, 08:22 AM

Thomas L Friedman's, "The World Is Flat" explains that this is a two-way street and won't cripple anybody's economy. Just that you better be ready to play the employment game on more equal ground.

kcchief19 · 12-19-2006, 10:42 AM

Quote:

With the global technology trade expanding further, countries like India and China are no longer just the recipients of foreign investments and outsourced jobs, they are now exporting jobs to the US as well by opening R&D and manufacturing facilities there, a new study shows.

Without getting into the minutae of international trade that makes it much complex than most people recognize, this is the key line on a macro level -- and it's essentially what American companies do as well. The U.S. is still the greatest source for high-end research, development and manufacturing, thanks to both the highly skilled labor pool and economic structure that encourages investment.

So the Indian companies invest in the U.S. for R&D, develop their products and processes here then conduct regular construction and manufacturing overseas. I have no doubt that for every R&D job a foreign company creates in the United States, they create several manufacturing jobs back home in their own country.

This type of move does seem to support the free trade argument that says that even though "lower paying" jobs will go to other countries, free trade does create higher paying jobs in this country.

Crapshoot · 12-19-2006, 11:25 AM

Quote:

Originally Posted by ISiddiqui

So when are the Indians going to yell about Americans taking their jobs?

I don't think this interesting development will slow complaints about outsourcing to India, but it definately shows the other side of it. As Indian companies grow, I'd imagine that the FDI will only continue to rise.

THEY TOOK UR JOBS!

cuervo72 · 12-19-2006, 12:35 PM

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Originally Posted by Crapshoot

THEY TOOK UR JOBS!

Shouldn't that be "JOBZ"?

Crapshoot · 12-19-2006, 01:23 PM

Quote:

Originally Posted by cuervo72

Shouldn't that be "JOBZ"?

Look, us foreigners can't be expected to transcribe South Park quotes exactly...

Desnudo · 12-19-2006, 01:24 PM

Quote:

Originally Posted by ISiddiqui

http://www.hindustantimes.com/news/181_1836466,0002.htm

So when are the Indians going to yell about Americans taking their jobs?

I don't think this interesting development will slow complaints about outsourcing to India, but it definately shows the other side of it. As Indian companies grow, I'd imagine that the FDI will only continue to rise.

I feel so used

12-19-2006, 08:22 AM	#3
Dutch "Dutch" Join Date: Oct 2000 Location: Tampa, FL	Thomas L Friedman's, "The World Is Flat" explains that this is a two-way street and won't cripple anybody's economy. Just that you better be ready to play the employment game on more equal ground.