If India creates jobs in U.S., no resentment against outsourcing

By siliconindia   |   Wednesday, 10 November 2010, 12:20 IST
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Bangalore: There won't be any issue against outsourcing, if India helps create more jobs for U.S. companies, rather these companies will ensure that the outsourcing issue is resolved smoothly, said Ron Somers, President, U.S.-India Business Council. According to Somers, The GEs, the Boeings, the Caterpillars, all of which have struck deals with India that will generate jobs back home will manage the political blowback. Somers added that President Barack Obama's visit to India was basically to strengthen his hands at the domestic level. The partnership with India is a genuine strategic one and he wanted to show the American people that a partnership with India will generate jobs back home. On U.S. as a market to India, Somers said services were the only thing he could think of. "What India needs right now, is to develop its infrastructure, education sector and build more good colleges. It is in these areas that a partnership with America can be useful and important to India," said Somers told rediff.com. He compared U.S.-India trade with U.S.-China trade ($50 billion and $430 billion) and told that it is just one tenth. That's the reason India is not an export-led economy, and China is. Looking back to the amount of deals signed between the two countries, he said it was significant that there have been deals worth close to $15 billion. Somers is optimistic about the partnership between the two countries, telling that it will be beneficial to both, making them prosperous.