While 78 per cent of the value, $1.12 to $1.14, was retained in the US, only 22 per cent, $0.33, was accrued to offshoring destinations like India.
This was reported by the San Francisco-based McKinsey Global Institute, an independent research group with McKinsey & Co.
Giving a breakdown of the value created in the US by offshoring, the report said that every dollar resulted in savings of 58 cents to US investors and customers. At the same time, it resulted in an increased import of US goods and services by providers in India.
