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U.S. immigration regulations and India's information technology industry

机译：美国移民法规和印度的信息技术产业

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摘要

The export-led growth of India's information technology (IT) industry has been nothing short of phenomenal over the past half-dozen years. Other studies have provided a number of explanations for the growth. This paper proposes that a significant factor has been overlooked or understated in prior explanations. Specifically, the Indian IT industry has utilized U.S. immigration regulations for competitive advantage to accelerate its growth. The importance of this factor is estimated through quantitative data analysis at the macro and firm levels. The analysis helps to explain why India's IT industry grew while that of other developing countries, with similar human capital resources and wage rates, did not. The U.S. Congress is currently debating U.S. immigration policies and may change them in the near future. Any changes will have significant effects on the future growth pattern of the Indian IT industry. Many developing countries have recognized India's success, and policymakers in those countries are implementing strategies to replicate it. The results from this study may help those policymakers better understand a key factor of India's success in exporting IT.
机译：在过去的五年中，印度信息技术（IT）行业以出口为导向的增长令人瞩目。其他研究为这种增长提供了许多解释。本文建议在先前的解释中忽略或低估了一个重要因素。具体而言，印度IT行业已利用美国移民法规来获得竞争优势，从而加速其增长。通过在宏观和企业层面进行定量数据分析，可以估算该因素的重要性。该分析有助于解释为什么印度的IT产业增长而其他具有类似人力资本资源和工资率的发展中国家却没有。美国国会目前正在辩论美国移民政策，并可能在不久的将来对其进行修改。任何变化都会对印度IT行业的未来增长模式产生重大影响。许多发展中国家已经认识到印度的成功，这些国家的决策者正在实施复制它的战略。这项研究的结果可能会帮助那些决策者更好地了解印度成功出口IT的关键因素。

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