Business Today

WHY IT MATTERS

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1. The Indian IT industry is the most frequent user of H-1B visas. It earned a little over 60 per cent of its $108 billion technology software and services export revenues from the US in 2015/16.

2. India earned $40.3 billion (over 15 per cent of its merchandis­e export earnings of $262.3 billion) from the US in 2015/16.

3. In 2016/17, out of India's total pharmaceut­ical exports worth $12.5 billion, about $8 billion (10 per cent of US generic market) was to the US.

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