Consequently, populist yet economically illiterate measures like protectionism are finding greater acceptance with the people. The order has sent shivers down the spine of the Indian IT industry; its hands already full, dealing with an offensive against H1B visas launched by the Trump administration. With President Trump showing no signs of reversing his position, Infosys has committed to hiring 10,000 American workers in the next two years. Indian engineers, meanwhile, are living in dread of being handed the pink slip. For the first nine months of 2016, Infosys had only hired 5,700 people, down from 17,000 employees hired in 2015.

Source: dna May 04, 2017 02:48 UTC