How America Benefits from
Economic Engagement with India
By Dr. Vinod K. Jain, University of Marlyland, College Park
and Dr. Kamlesh Jain, India-US World Affairs Institute, Inc.
72-page book, 2010, $39.95
Available from amazon.com
This study presents a comprehensive analysis of America’s economic engagement with India for the period 2004 to 2009. It covers India’s foreign direct investments into the United States and U.S. exports to India, as well as an assessment of their impacts on the American economy. Also included in the study are the economic impacts Indian Americans are having in the United States. It presents a case for even stronger business ties between the United States and India, which will benefit the United States (and India) especially with regard to jobs, the Number One policy issue in Washington and the Number One livelihood issue on Main Street America today.
The study was published by the India-US World Affairs Institute, in association with the Robert H. Smith School of Business, University of Maryland, and the Federation of Indian Chambers of Commerce & Industry (FICCI).
Download book flyer
From the Forewords
"While popular perception has it that the companies of India Inc. are taking jobs away from Americans and adding little value to the U.S. economy, nothing could be further from the truth. As the authors of this study demonstrate, Indian companies have been investing steadily in the U.S. for decades, and with the rise of India Inc. the magnitude and impact of such investments have increased.” (Tim Matlack)
"This study challenges the received wisdom, the old paradigm, of international economic engagement between developed and developing nations, using the United States and India as a case in point. The study shows how major multinationals from India are now making significant acquisitions and greenfield investments, and creating jobs, in the United States." (Amit Mitra)
Release in Washington D.C.
The report was released by Congressman James McDermott on June 15, 2010 in Washington D.C. at the East-West Center Washington, FICCI, and SAIS seminar on US-India Economic Relations - The Road Ahead. Listen to audio coverage of the event through this link.
Release in Mumbai
The report was released in Mumbai by the Hon. Kapil Sibal, India's Minister for Human Resource Development, on July 31 at the Indo-US Higher Education Summit. The Summit is organized by the Indo-American Society, one of our partners in India.
Media and Other Comments About the Report
Secretary of State, Hillary Clinton's remarks about the study at the Indo-US CEO Forum held in Washington D.C. on June 22, 2010:
"As both President Obama and Prime Minister Singh have said numerous times in the last 16 months, the increased cooperation between the United States and India is the cornerstone of our 21st century strategic partnership. The President and the prime minister reinvigorated this forum last year based on the idea that Washington and Delhi need to catch up to the business and innovation cooperation that is already happening in New York and Mumbai. In the latest example of the growing links between our countries and our economies, just last week Congressman Jim McDermott unveiled a report by the India-U.S. World Affairs Institute showing that Indian investment in the U.S. grew by an estimated 60 percent in 2009, to over $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 United States have supported approximately 40,000 jobs here in our country, with manufacturing exports to India linked to another 96,000 jobs. That’s great progress and it’s a solid base on which to build."
To read media coverage of the report, click here: Media Coverage
You can download the executive summary through this link: Executive Summary
The book is available for sale at amazon.com
If there are any questions, please use the Contact Us form.