View from India: Reflections on the U.S. Presidential Debate

Members of India’s US$146-billion IT services industry might have been relieved to hear no mention of job losses or the H1-B visa issue during the first U.S. presidential debate of the year.
During his campaign, Trump has been vocal on H1-B visas and had proposed to raise the minimum wage for this most-popular visa for Indian IT professionals. R Chandrashekar, President of Nasscom, has said that the competitiveness of U.S. corporations is in part aided by the Indian IT sector.
“An H-1B crackdown under Trump would lower the profitability of Indian IT companies (due to higher wage costs) while potential restrictions on business process outsourcing (BPO) could also hurt revenues,” suggests a report by Japanese financial services group Nomura.