Obama visits India’s IT sector as U.S. jobs continue shrinking

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Tony Munroe and Peter Henderson
Reuters
October 28, 2010

MUMBAI/SAN FRANCISCO (Reuters) – U.S. President Barack Obama’s visit to India puts the spotlight on its $60 billion IT sector, which argues it is a creator of jobs in the United States and should not be blamed for high unemployment.

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An increase in U.S. visa fees, a ban on offshoring by the state of Ohio and the industry’s portrayal in campaign ads as a drain of U.S. jobs has set a frosty tone ahead of Obama’s visit to India in early November.

Obama is expected to visit Mumbai, India’s financial hub and the centre of the 2008 militant attacks. U.S. officials say much of the trip’s focus will be boosting trade that is expected to double in five years from the current level of $50 billion.

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“It is a worry, there’s no question, but the worry is more about unemployment, not about the political rhetoric,” said Pramod Bhasin, chief executive of outsourcer Genpact Ltd.

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This article was posted: Thursday, October 28, 2010 at 2:12 pm







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