Donald Trump’s return to power has cast a long shadow of doubt over the Indian IT industry. Experts fear he might reinstate some policies that had brought trouble for major IT companies during his first term.
The last time he was in office, Trump attempted to repeal Obama’s Affordable Care Act, which delayed Wipro’s $500 million investment in Healthplan Services. This time the Indian IT firms are expecting another turbulent shift as Trump already promised 20% tariffs on imports.
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Visa restrictions are going to be another nightmare for Indians. While Indian tech giants like TCS and Infosys tried to adapt by hiring locally in the US, it wouldn’t matter if their clients cut off IT budgets.
The healthcare, retail, and banking sectors, which drive over a third of Indian IT revenue, are all in uncertainty with potential policy shake-ups under Trump.
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As this will be Trump’s second and last constitutional run as the US president, it is going to be more strict on foreign companies. His “America First” approach will force Indian companies to adapt faster or they will have a hard time surviving against the government-supported local competitors.
