Many of Donald Trump\u2019s executive orders may have left the US and the world shocked, but India\u2019s biggest businessman believes the new US president may be good for the world\u2019s fastest-growing major economy.<\/p>\n
\u201cActually, Trump might be a blessing in disguise. It (Trump\u2019s appointment) will help Indian talent and Indian IT industry to focus on solving problems in India,\u201d Reliance Industries chairman Mukesh Ambani\u00a0said today<\/a>\u00a0(Feb. 16).<\/p>\n \u201cThe domestic market is huge and this provides an opportunity to improve people\u2019s quality of life and to make sure industries are more productive,\u201d the country\u2019s richest man said at an event organised by Indian IT industry lobby Nasscom.<\/p>\n India\u2019s $150-billion IT outsourcing sector has a massive exposure to the US and could be the most vulnerable to Trump\u2019s protectionist stance. Outsourcing firms based in the country, which get over 65% of their revenue from the US, depend heavily on US work visas. Over the last couple of months,\u00a0at least two bills to tighten norms<\/a>\u00a0for issuing the H-1B, the long-term work visa, have been proposed in the American congress.<\/p>\n Around 9.5%<\/a>\u00a0of India\u2019s GDP comes from the outsourcing industry, which employs nearly 3.7 million people. The proposed bills have battered the stocks of large companies like Infosys and Tata Consultancy Services.<\/p>\n Yet, Ambani sees a silver lining.<\/p>\n https:\/\/qz.com\/912269\/mukesh-ambani-indias-richest-man-calls-donald-trump-a-blessing-in-disguise-for-india\/<\/p>\n","protected":false},"excerpt":{"rendered":" Many of Donald Trump\u2019s executive orders may have left the US and the world shocked, but India\u2019s biggest businessman believes the new US president may be good for the world\u2019s fastest-growing major economy. \u201cActually, Trump might be a blessing in disguise. It (Trump\u2019s appointment) will help Indian talent and Indian IT industry to focus on solving problems in India,\u201d Reliance… Read more »<\/a><\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-610","post","type-post","status-publish","format-standard","hentry","category-article-post"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts\/610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/comments?post=610"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts\/610\/revisions"}],"predecessor-version":[{"id":611,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts\/610\/revisions\/611"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/media?parent=610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/categories?post=610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/tags?post=610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}