How America Benefits from Economic Engagement with India

This study is 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. 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." "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. Some of the Indian companies to which work was being outsourced in the earlier era are now insourcing such jobs within the United States itself, using American workers to perform value-added work."
About the Author: Vinod Jain serves on the full time faculty of the Robert H. Smith School of Business, University of Maryland, and is President and CEO of the India-US World Affairs Institute, Inc. A true cosmopolitan and Fulbright Scholar, Vinod has lived and worked in India, the United States, Western Europe, Eastern Europe, China, and the Middle East. During the last ten years, he has received and managed five competitive grants from the U.S. Department of Education, including a $1.43 million grant in 2006 to establish the Center for International Business Education and Research at the University of Maryland, which he headed until February 2009. Vinod teaches "strategy", "global strategy", and "emerging markets" on Smith School's MBA program, and "strategy" at the University of Lodz in Poland. He has also taught on Smith School's Executive MBA program in China and Switzerland. His current research involves measuring regional innovation in the United States, a project funded partially by the IBM Center for the Business of Government. Prior to returning to academia in 1990, Vinod worked in industry for some fifteen years and held a variety of middle and senior executive positions with multinational corporations. And, he has been honored by the Governors of both Ohio (2001) and Maryland (2004) for his services to their states. He has a Ph.D. in business and management from the University of Maryland and Master's degrees in Management (UCLA) and Statistics (Indian Statistical Institute). He serves on the Maryland/Washington D.C. District Export Council, to which he was appointed by the Secretary, U.S. Department of Commerce.