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Friday, June 12, 2020

The American dream is about to turn sour for many Indian techies

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THE ECONOMIC TIMESDaily Newsletter
Fri, Jun 12, 2020 | 06:01 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Trump wants to freeze H-1B to save US jobs Trump wants to freeze H-1B to save US jobs
Such a decision is likely to have an adverse impact on thousands of Indian IT professionals. . ...
The rainmaker behind Mukesh Ambani's $13 billion deal spree
RBI proposes upper age limit of 70 years for bank CEOs
S&P sees serious local epidemic, corporate distress in India
A Rs 55,000 crore fund manager says hype did lot of harm to Modi stimulus
Voda Idea, Airtel may offer assets as securities for AGR payments
SBI moves NCLT to recover Rs 1.2k-cr from Anil Ambani
GST Council gives relief to small taxpayers
Debate This
Will economic patriotism lead to India's undoing?
The government seems to have decided that the best way to salvage the sinking ship is to look inwards. There are calls within the government for the boycott of global products, especially Chinese. But is it possible to shut the world out without first strengthening our own supply chains? India doesn't yet have the concrete channels needed to substitute imported products with home-grown ones. So, there are chances that taking 'vocal for local' too seriously might just backfire on the country of 1.3 billion.

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