It is an uncertain time for many Indian companies as Donald Trump’s next term promises to have strict policies against H-1B visas and immigration. In spite of all of that the Indian IT sector has major reasons to be positive.
Trump’s return promises a strong US dollar which will help Indian tech firms that earn most of their money in dollars but spend much less in rupees. Hence, new policies will likely make it easier for companies to spend.
Also Read – US Universities: India Finally Beats China
Republican control in the US also means fewer surprises in policymaking. Stable rules give businesses confidence to invest, which could benefit Indian tech companies.
Trump has also suggested cutting corporate taxes which will bring an upswing for US and Indian firms. With lower taxes, US companies could spend more on technology, creating more work for Indian IT firms that provide premium services and products.
Also Read – NRI Teen Girl Burnt to Death: Cops Hiding Truth?
Another major reason that brings hope is Trump’s tough stance on China, which is India’s biggest competitor in capturing the IT sector in the US. India can emerge as the alternative, especially in areas like artificial intelligence and semiconductors.
All these reasons bring a huge relief for Indian tech firms which was reflected in their stocks as well. Companies like TCS, Infosys, and Tech Mahindra saw big gains, showing the market’s belief in better opportunities ahead.
Also Read – US Protecting Most Wanted Indian Terrorist?
While it might be a tougher transition, in the long run, it will likely be a net positive for India.
