For decades, India’s services exports have been its golden
goose — powering jobs, foreign exchange, and global
influence.
But this is now under threat.
Lawmakers in the United States have proposed a law that will
tax companies outsourcing their services. This comes on top of
the hike in fees of H1B visas.
Together, they pose a threat to India’s most lucrative and
fastest growing export: services.
To unpack this threat, StratNewsGlobal.Tech spoke to
Professor Pritam Banerjee, Head, Centre for WTO Studies,
IIFT. The professor has just co-published a research paper on
how Washington’s new playbook could reshape the global
digital economy and what India must do to stay ahead.
