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IT cos will need to invest more in US-based services
The New Indian Express Tirunelveli
|March 12, 2025
WITH the concerns growing about effects of US President Donald Trump's proposed tariffs, experts say the IT services industry is not an exception as the US is always a major destination and that they need to invest more in US-based services in order to avoid tariffs.
WITH the concerns growing about effects of US President Donald Trump's proposed tariffs, experts say the IT services industry is not an exception as the US is always a major destination and that they need to invest more in US-based services in order to avoid tariffs. They say significant tariffs placed on services could disrupt the IT services trade.
Phil Fersht, CEO of HFS Research, told this newspaper there will be pressure on the Indian government to lower trade barriers for US firms to create parity. "Currently, India's tariff rate on US goods is 9.5% against only 3% in Indian goods, namely cars, textiles, steel and pharmaceuticals," he said.
Dit verhaal komt uit de March 12, 2025-editie van The New Indian Express Tirunelveli.
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