Fdi and Outsourcing
FDI AND OUTSOURCING
‘‘We are not the blue states,We are not the red states but We are United states,’’ Barack Obama quoted after his victory. With Barack Obama re-elected as the president of US,India needs to wait and watch his stand on FDI,immigration,outsourcing and overall relations. India has a lot to gain by supporting his policies and our industry must do its bit by facilitating job creation in America and encourage joint partnership in healthcare utilities and education. A strong America will generate more FDI and create more global jobs, which would benefit the world. The slow pace of economic recovery in the US and the high rate of unemployment over the last few years saw Barack Obama taking a tough stance on Indian outsourcing companies in his first term.But this time Our Indian corporates are quite optimistic. Many US multinationals have large centres in India (IBM, Oracle, Microsoft, etc.) and they are able to generate profits due to Indian techies. We need to create a better trade policy with US by opening up FDI in India and put pressure on US foreign policy to create a win-win model for Indo-American businesses.Obama is also supportive of China playing a bigger role in Asia and looks at Beijing as an important partner, which is specifically not good news for India. As far as nuclear deal and FDI policy are concerned, it will be in India’s favour as we are looked upon as a big customer. We do not expect any major shift in his policies pertaining to IT, FDI or immigration. His first and foremost responsibility is to boost the US economy, create jobs and make America stronger. He will take all the appropriate steps towards the said goal. In the process, IT sector will grow and India is bound to get a fair share of the growing market and its related benefits. The IT sector will require competent manpower, talent and skills which to some extent India will get a chance to
‘‘We are not the blue states,We are not the red states but We are United states,’’ Barack Obama quoted after his victory. With Barack Obama re-elected as the president of US,India needs to wait and watch his stand on FDI,immigration,outsourcing and overall relations. India has a lot to gain by supporting his policies and our industry must do its bit by facilitating job creation in America and encourage joint partnership in healthcare utilities and education. A strong America will generate more FDI and create more global jobs, which would benefit the world. The slow pace of economic recovery in the US and the high rate of unemployment over the last few years saw Barack Obama taking a tough stance on Indian outsourcing companies in his first term.But this time Our Indian corporates are quite optimistic. Many US multinationals have large centres in India (IBM, Oracle, Microsoft, etc.) and they are able to generate profits due to Indian techies. We need to create a better trade policy with US by opening up FDI in India and put pressure on US foreign policy to create a win-win model for Indo-American businesses.Obama is also supportive of China playing a bigger role in Asia and looks at Beijing as an important partner, which is specifically not good news for India. As far as nuclear deal and FDI policy are concerned, it will be in India’s favour as we are looked upon as a big customer. We do not expect any major shift in his policies pertaining to IT, FDI or immigration. His first and foremost responsibility is to boost the US economy, create jobs and make America stronger. He will take all the appropriate steps towards the said goal. In the process, IT sector will grow and India is bound to get a fair share of the growing market and its related benefits. The IT sector will require competent manpower, talent and skills which to some extent India will get a chance to