India, China account for 6.5 per cent of new jobs created worldwide: IBM study

22 October 2008

Mumbai: India and China have increased their role as job generating economies, with the two together accounting for 6.5 per cent of the new jobs created through foreign investment in 2007, compared to 3.7 per cent in 2006, an IBM study on `Global Location Trends' revealed.

Indian companies focused their job creation mostly on China and the US, whereas Chinese companies show a wide distribution of their global investment activity, the study found.

The study also found that multinational corporations (MNCs) are increasingly widening their investments to include a number of emerging countries, with notable increases in Latin America and Africa.

The study, conducted by IBM's Plant Location International-Global Location Strategies service, was released today at the annual conference of the International Economic Development Council in Atlanta, GA.

The study's findings reveal that Africa and Latin America together received approximately 17 per cent of the global jobs created from foreign investment and expansion projects in 2007, compared to 13 per cent in 2006.