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U.S. jobs outsourced to India, notion exaggerated
U.S. jobs outsourced to India, notion exaggerated
Posted Date:20-02-2011 Courtesy:
Washington: The notion that jobs from America are being outsourced to India is "vastly exaggerated", a top Obama administration official has said, adding Indo-U.S. trade and economic relationship is a two-way process and not heavily tilted towards any one.

"I think that is vastly exaggerated," Robert D Hormats, the Under Secretary of State for Economic, Energy and Agricultural Affairs said at a discussion here when Bob Schieffer, anchor of the CBS News "Face The Nation", asked him about the general impression about India.

"To a lot of Americans, India is the place where American jobs are simply outsourced. We all know about the telephones and all of that. What is that situation?" Schieffer asked.

"People watch the TV show "Outsourced" and they see this. But what is not commonly realised is the fact, first of all, that a great deal of trade goes on the export side.
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