Trump victory: Tech sector set to gain, but face challenges

The $245 billion Indian tech sector which employs around 5.4 million people are cautiously optimistic about the resounding victory of Donald Trump as the next US President. The return of Trump is expected to boost increased spending by US firms, leading to the possibility more revenue for Indian tech companies. This was reflected on the stock markets with IT Index rallying over four per cent, led by Infosys and TCS share which jumped over four per cent each.