India IT hopes for easing of Obama's anti-outsourcing stance
HCL Technologies, India's fourth-largest software services provider, said in a statement that it hoped Obama's second term would uplift the business sentiment and lead economic resurgence in America.
With unemployment a crunch issue in the election, President Obama stepped up his criticism of U.S. firms 'exporting' jobs early on in his campaign, seeking to tax them more and use that money to help those companies that keep jobs at home.
Adi Godrej, president of trade lobby group the Confederation of Indian Industry, described that stance as election rhetoric.
Every time there's a U.S. election, these issues are raised, he told Reuters.
But some Indian business leaders said Obama's stance on outsourcing was a worrying trade issue.
I would prefer Romney and the Republicans to Obama and the Democrats on trade policies, outsourcing and economic matters, said Rahul Bajaj, chairman of the Bajaj Group industrial conglomerate. Democrats and Obama ... think you should not outsource more. That is bad. There Romney would have been better.
Be the first to comment.