Blow to IT sector
Barely had the dust settled on President Donald Trump’s decision to slap a steep 50% tariff on Indian goods when he struck again, this time targeting what many call the crown jewel of India’s economy, the IT services sector. By imposing a prohibitive $100,000 annual fee on H-1B visas, Trump has extended America’s protectionist push from goods to services. For India, which sends the largest share of H-1B workers to the US, this is no ordinary setback; it is a direct assault on the middle-class aspirations that the IT boom has sustained for........
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