The Indian IT industry leaned on US President-elect Donald Trump’s business credentials to hope he would not push through with his pre-election anti-outsourcing rhetoric, given the key role the sector plays in keeping American economy competitive.
The captains of the industry felt that Trump’s victory is unlikely to affect the fortunes of the USD 110 billion Indian technology sector as the US faces crunch of highly-skilled workers and for the fact that the Republican himself is a businessman and will be “pro-business”.
“We are optimistic that President-elect Trump’s administration will focus on making the strategic relationship with India a high priority, including providing a boost to US- India bilateral trade and investment,” Nasscom said.
Trump, who during his high-decibel campaign had advocated tightening of visa norms for skilled workers and bringing jobs back to America, today beat rival Hillary Clinton in the race to be the US President.
Many had feared that Trump’s coming to power could lead to job losses for Indians and a protectionist approach by the US, a market that accounts for about 70 per cent of Indian IT industry’s revenue.
However, Nasscom claimed that many of Trump’s observations during the campaign concerning high-skilled immigration and outsourcing were based on “fabrications put out by critics” of the sector.
From Agencies, Feature image courtesy livemint
