Donald Trump weighs heavily on Indian IT stocks

The Indian IT industry could face its biggest challenge till date, asPresident-elect Donald Trump+ gets his hands closer to implementing his rhetoric, which protects an American worker. With his campaign platform being prioritizing jobs and wages for US workers, this bias could work against homegrown companies like Infosys and US majors like IBM, Cognizant.

Apart from imposing additional taxes, the Trump regime is also expected to cap H-1B visas+ , a preferred route for Indian IT houses, to send thousands of tech workers to the US. Several analyst..Read More

Source Web Page : Times of India

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