Indian IT Firms Pay Better Than Local Companies in US | In the News

Indian IT services firms pay their staff in the United States average wage that are higher than those paid by local companies, a report by market researcher IHS Markit has showed.

“The primary message is that these companies are a very integral part of the American economy,” said Shivendra Singh, head, Global Trade Development at Nasscom, adding the report clearly showed that a perception that Indian IT services companies were paying lower wages and displacing American jobs was not true. “It demonstrates that Indian firms are not systematically underpaying their US-based employees,” said Peter Bendor-Samuel, chief executive officer, Everest Group, an IT advisory and researcher. “Having said that, I feel that at least for the time being and until a change in administration occurs, the report will have limited effect,” he added.

Read more in Economic Times


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