reliance: IT Inc worries as US may slap tariffs on software exports

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India’s information technology sector is rattled by indications that the US government could consider extending tariffs to software exports, a prospect that would deal a blow to the industry in its largest market. IT firms are already reeling under the impact of global business uncertainty and automation driven by artificial intelligence (AI), said industry experts.

The domestic $283-billion technology services outsourcing industry, with players including Tata Consultancy Services, Infosys, HCLTech and Wipro, currently relies on more than 60% of its…



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reliance: IT Inc worries as US may slap tariffs on software exports


India’s information technology sector is rattled by indications that the US government could consider extending tariffs to software exports, a prospect that would deal a blow to the industry in its largest market. IT firms are already reeling under the impact of global business uncertainty and automation driven by artificial intelligence (AI), said industry experts.

The domestic $283-billion technology services outsourcing industry, with players including Tata Consultancy Services, Infosys, HCLTech and Wipro, currently relies on more than 60% of its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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