The Indian IT industry’s topmost body Nasscom is on way to working with the Joe Biden government of the United States for finding solutions to address the challenges pertaining to the science, technology, engineering and math (STEM) skills gap in the US for creating more jobs and become more competitive.

Nasscom released a statement saying, “The Indian technology industry makes significant contributions to the US economy and workforce, including local investments and job creation, workforce development, and upskilling their US employees.”

The India-US bilateral trade increased to $149 billion in 2019 from $37 billion in 2005, which is a 400 percent jump. It was led by the technology sector of both the countries.

As per Nasscom, the US is presently in a shortage of STEM skills which is evident from the high unemployment rates as well more than 750,000 job vacancy postings in computer occupations as of 13 January 2021, a 20 percent increase since May 2020.

Nasscom said, “Despite high degree of overall unemployment in the US, demand for high tech skills continues to remain robust, clearly endorsing the argument that there are just not enough workers with relevant skills to fill them. The rules announced by the previous administration will worsen this talent gap.”

Amidst this, Joe Biden takes charge as the 46th president of the US and he signed a series of executive actions for reversing the certain policies by the Trump administration. 17 orders by Joe Biden, where six of the orders, memorandums, and proclamation deal with immigration, including signing an executive order ending the restriction on travel and immigration from some predominantly Islamic countries.

Nasscom said, “President Biden has pledged a new approach on trade and immigration, as well as a renewed and revitalized interest in science and technology. We appreciate President Biden’s commitment to review and make necessary changes to harmful regulatory policies put in place by the outgoing administration.”