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234 What is the US HIRE Bill and why is India’s $250-billion IT sector worried?

Firstpost Tech
FP Explainers @ Firstpost Tech 1 place · today 08:07 EDT

What is the US HIRE Bill and why is India’s $250-billion IT sector worried?

The proposed US HIRE Bill could significantly impact India’s IT industry by imposing a 25 per cent tax on outsourcing. Introduced by US Senator Bernie Moreno, the legislation aims to bring jobs back to the US, but it threatens Indian tech giants like TCS, Infosys, and Wipro, which depend heavily on American clients for revenue

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