# GlobalIT

205

🚨 India’s $283B IT Sector Faces New Threat from U.S. HIRE Act
The 🇺🇸 U.S. is considering a 25% outsourcing tax under the HIRE Act, directly targeting companies that contract work overseas, a move that could severely impact India’s booming IT industry, which contributes 7% to the nation’s GDP.
📉 What’s at stake ?
India’s top IT firms service global giants like Apple, Cisco, and FedEx. A tax of this scale could trigger
•Contract renegotiations
•Legal pushback
•Intense industry lobbying in Washington
💼 Analysts warn that this could shake investor confidence and force a realignment of global

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# GlobalIT

Join 40M users in our growing community

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