New US Senate bill could jolt India’s $280-bn IT industry; 25% outsourcing tax may force contract resets: GTRI
The latest US Senate bill that targets outsourcing could sharply disrupt India’s $ 280-billion IT, BPO and GCC industry, said Global Trade Research Initiative (GTRI). The think tank said that the US bill has significant potential to affect the Indian IT sector as 60 per cent of its revenue comes from the US market.
The ‘Halting International Relocation of Employment (HIRE) Act’, introduced in the US Senate on September 5, 2025, proposes steep penalties for companies that offshore work. GTRI notes that the bill,
