Trump watchers are still scratching their heads trying to guess what the President-elect‘s policies will look like. His hardline stance on protectionism, anti-immigration, threats to tear up trade pacts and repeal Obamacare has unnerved trade partners.
External Affairs Minister Salman Khurshid met Secretary of State John Kerry yesterday and "discussed a range of issues of mutual interest, including "ongoing discussions on the civil-nuke deal."
The clauses in the recently passed immigration bill by the US Senate can be very damaging for the overseas Indian IT sector. He added that the clause of salary rises for H1-B can have a significant damage on these stocks.
Sources at the US Consulate told CNBC-TV18 that Indian companies received 72,429 H1-B visas in FY11 as compared to 10,849 H1-B visas issued to Chinese companies during the same period