With Donald Trump likely to reclaim the White House, investors see potential shifts for India. Hong Kong SAR investor Adrian Mowat suggests that Trump’s promise of fresh tariffs on China could boost India’s manufacturing appeal. However, Mowat cautions that Trump might impose similar tariffs on U.S. firms with substantial Indian IT operations.
In his prior term, Trump’s H-1B visa restrictions hit Indian IT giants hard, leading to visa denial spikes and affecting companies like Infosys, TCS, and Wipro, whose H-1B approvals dropped by 50-80% from FY15-24.
