'India created more jobs in US than US did here' - Indian minister of Commerce

[varun]

http://www.rediff.com/money/2008/jun/13nath.htm

Taking on critics of outsourcing to India and the alleged loss of American jobs in the process, India's Minister of Commerce and Industry Kamal Nath asserted that Indian investments in the United States in the last two years had created more jobs in the US that American investment in India has.

In an interactive session with PBS television's talk show host Charlie Rose at the 33rd anniversary summit of the US-India Business Council, Nath said, "Indian investment in the United States in the last two years is more than the US investment in India in the last two years, and India has created more jobs in the US than the US has created in India."

"Now, the Democrats must hear this," he said, to which Rose quipped and asked if it were a campaign statement.

Nath said that "trade and investment is now a two-way street," and pointed out that American exports to India "went up by over 70 per cent last year. That's not a small thing."...

[On the Road]

1. To to Tell You the Truth,

I really don't know how to evaluate this statement.

[Lasher]

2. I wonder how many of those new jobs were filled by H-1B and L1 visa holders from India.

No matter, I don't believe this anyway.

[The Traveler]

3. I wonder how many of those jobs

were "good jobs assembling hamburgers" and similar stuff.

[Edweird]

4. Well then, how 'bout we swap? Give us OUR jobs back, and you can have YOURS back.

What we have now isn't cutting it.

[Javaman]

5. So does that mean that India is now tracking the job data in their low/no pay

sweat shops?