MUMBAI (Reuters) - Leading Indian outsourcers such as Tata Consultancy <TCS.BO>, Infosys <INFY.BO> and Wipro <WIPR.BO> stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.

The newspaper said JPMorgan <JPM.N>, Goldman Sachs <GS.N> and Morgan Stanley <MS.N> that received approval to buy back government stake worth $68 billion earlier this year are among the firms seeking operational efficiencies by outsourcing non-core IT and back-office projects to India.

American Express <AXP.N>, Bank of New York Mellon <BK.N> and Capital One, which have started repaying government debt, were also considering outsourcing, it said.

(Writing by Devidutta Tripathy; Editing by Ranjit Gangadharan)