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.
