HIRE Act may impact Bengaluru's IT sector: Experts
Bengaluru's IT sector is bracing for potential disruption due to the proposed HIRE Act in the US, which could impose a 25% tax on outsourcing. Industry leaders express concerns about job creation and business models, urging strategic adaptation. Experts emphasize the need for innovation and a shift towards becoming technology innovation partners to mitigate the impact.
Bengaluru's IT sector is bracing for potential disruption due to the proposed HIRE Act in the US, which could impose a 25% tax on outsourcing. Industry leaders express concerns about job creation and business models, urging strategic adaptation. Experts emphasize the need for innovation and a shift towards becoming technology innovation partners to mitigate the impact.
