Thursday, Apr 22, 2004
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MUMBAI, APRIL 21. The United States today said it had about $57 billion surplus in its services account and the issue of jobs being outsourced to other countries was being played up by politicians.
"The United States had about $57 billion in its services account which means that the country was still an exporter of services to the rest of the world and the number of jobs being outsourced is very small in the economy which creates and destroys millions of jobs every year," the U.S. Ambassador, David Mulford, said at a FICCI meeting here.
Describing outsourcing as a hard political issue, he said it was not a problem between India and the United States but a global phenomenon tied with globalisation. "The issue is being demagogued by politicians," he added.
Allaying fears that there was a government policy against outsourcing, Mr. Mulford said there was no legislation in the U.S. that threatened outsourcing in a concrete way.
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