External Affairs Minister Yashwant Sinha has said that the issue of outsourcing of information technology jobs to India and other countries has been blown out of proportion.

Addressing American business leaders at a luncheon meeting organised by the Confederation of Indian Industry, Sinha said: "It is really unfortunate" that Americans have lost their jobs due to outsourcing, but if the issue is considered in the overall perspective, both India and the United States have obtained benefits.