1.8.2. Investment and Development

♤ According to the U.S. Bureau of Economic Analysis, US direct investments in India stood at

$ 28.33 billion in 2015. As per Indian official statistics, the cumulative FDI inflows from the US from April 2000 to December 2015 amounted to about $ 17.94 billion constituting nearly 6% of the total FDI into India, making the U.S. the fifth largest source of FDI into India.

♤ In recent years, growing Indian investments into the US, has been a novel feature of bilateral ties. According to CII and Grant Thornton survey released in August 2015, 100 Indian companies have made $ 15 billion worth of tangible investments across 35 states, creating more than 91,000 American jobs.

♤ Among large Indian corporations having investments in the U.S. include Reliance Industries Limited, Tata Consultancy Services, Wipro, Essar America, Piramal, Mahindra, Lupin, SunPharma, etc.