Wipro warns tariff hikes, immigration curbs, trade war may hit growth

Indian IT major Wipro has flagged rising global trade barriers and tightening immigration norms as potential threats to its business, warning that regulatory and geopolitical uncertainties in its key markets could weigh on future growth.

In its annual report for FY2024–25, the Bengaluru-headquartered company cited “escalations in tariffs and trade policies of certain countries with large economies” and possible changes to immigration laws in the United States—its largest revenue market—as key concerns.