Genpact, the BPM and IT services firm, has flagged as risk the changes to tax policies planned by the Trump administration against outsourcing by companies to locations such as India that could potentially impact its business. US President Donald Trump is increasingly being called out as a risk by Indian IT service providers — given his clear anti-outsourcing and globalising stand. Last year, Wipro was the first IT company to mention Trump’s immigration policies as a specific risk.
“This red flag to IT outsourcing has been there for a while but IT companies have been slow to adapt their business. Everyone has seen this coming,” Sanchit Vir Gogia, CEO of IT consultancy Greyhound Research, said.
“They have had two decades of relatively favourable circumstances…times are changing and they need to show resilience and adaptability.”
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
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