TRUMP’S ASCENSION TO AMERICA’S PRIME CORNER OFFICE HAS SHAKEN UP THE WORLD OF FOREIGN TRADE. HE HAS PUT PROTECTIONISM AT THE FOREFRONT OF HIS TRADE POLICY AND HIS VIEWS ON THE H-1B VISA AND OUTSOURCING HAVE GOT INDIA’S SERVICES EXPORTERS WORRIED! HOW WILL HIS NEW POLICY STANCE IMPACT INDIA’S OUTSOURCING INDUSTRY? CAN INDIA’S OUTSOURCING INDUSTRY SURVIVE MARS ATTACK? (READ: TRUMP ATTACK) www.thedollarbusiness.com Vol.4 Issue 02 February 2017 100 $2 Videophones Securing Homes Imports are riding the real estate wave Agarbatti Fragrant Demand Quality is driving exports Policy Focus Budget Expectations A wish list from exporters
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TRUMP’S ASCENSION TO AMERICA’S PRIME CORNER OFFICE HAS SHAKEN UP THE WORLD OF FOREIGN TRADE. HE HAS PUT PROTECTIONISM AT THE FOREFRONT OF HIS TRADE POLICY AND HIS VIEWS ON THE H-1B VISA AND OUTSOURCING HAVE GOT INDIA’S SERVICES EXPORTERS WORRIED! HOW WILL HIS NEW POLICY STANCE IMPACT INDIA’S OUTSOURCING INDUSTRY?
CAN INDIA’S OUTSOURCING INDUSTRY SURVIVE MARS ATTACK? (READ: TRUMP ATTACK)
www.thedollarbusiness.com Vol.4 Issue 02 February 2017 100 $2
ww
w.thedollarbusiness.com Vol.4 Issue 02 February 2017
100 $2 RNI: APENG/2014/54643
VideophonesSecuring Homes
Imports are riding the real estate wave
AgarbattiFragrant Demand
Quality is driving exports
Policy FocusBudget Expectations
A wish list from exporters
6 THE DOLLAR BUSINESS II FEBRUARY 2017
President (VMPL) : Steven Philip Warner& Editor-in-Chief
EDITORIAL & RESEARCHEditor : Manish K. PandeyExecutive Editor : Indranil DasAssociate Editor (Print) : Andres Meren MolierAssociate Editor (Online) : Sheela MamidennaSenior Editor (Print) : Niladri S. NathAssistant Editors (Print) : Neha Dewan, Ahmad Shariq Khan, Sairaj Iyer, Manishika Miglani, Anishaa KumarAssistant Editor (Online) : Aamir Hussain KakiPrincipal Correspondent : Deepak KumarCorrespondent : Sneha Gilada
EDITORIAL CONSULTING BOARDFounder & Editor : Anil GoyalPublisher : Avnish GoyalChief Consulting Editor : Dr. A. K. Sengupta
Donald Trump’s ascension to the Presidency of the United States of America has shaken up the world of trade. His inauguration speech emphasised “Buy American. Hire American”. And his stance on H-1B visas and outsourcing has made India’s IT majors sit up. Is India’s outsourcing industry primed to withstand the rogue wave that is about to hit it?
CAN INDIA’S OUTSOURCING INDUSTRY SURVIVE THE TRUMP ATTACK?
FEBRUARY 2017 II THE DOLLAR BUSINESS 7
INBOX LETTERS TO THE EDITORReaders’ feedback, criticism and appreciation that hit our mailbox in January 2017
MONOLOGUE PEOPLE SPEAKTrump on US policy, Jim Yong Kim on global economic growth, PM Modi on GIFT City & more
GLOBAL TRADE From UK-Ireland trade deals and China’s new rail route to London to Korea’s imports of eggs & more
INDIA TRADE From India’s GDP growth to the India-Uruguay customs agreement & much more
FACE2FACEKRISHNA R BHUPAL, DIRECTOR, GVK POWER & INFRATalks about developing airports in India and abroad
IMPORT’ONOMICSVIDEOPHONESImporters enjoy enormous profits while riding the real estate wave
SECRET INGREDIENTAGARBATTIIndia is the largest exporter of agar-battis in the world. But what makes this business so lucrative?
CASE STUDYTORERO CORPORATIONA fascinating story of a manufactur-ing start-up that is creating a new niche in leather accessories
THE MIDAS TOUCHMOUNTED BRAKE LININGSCan India become the global manufacturing hub for this auto component?
POLICY FOCUSUNION BUDGET 2017What exporters expect from the Fi-nance Minister in the Budget 2017
DOCKYARDICD NAGPURWill mending its iffy past help ICD Nagpur realise its true potential?
TDB FORUMQuestions about foreign trade that hit our mail box in January 2017
DATEBOOKSome must-visit trade shows
KALRAJ MISHRAUNION MINISTER FOR MSMEs
On enhancing the sustainability and competitiveness of the MSME sector
NINA VASKUNLAHTIAMBASSADOR OF FINLAND TO INDIASpeaks about the current state of Finland-India trade & investment ties and the way forward
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RAKESH KUMAR BHATNAGARDIRECTOR GENERAL, TEPCTalks about the issues plaguing the industry & the outlook for the sector
PRATYUSH KUMARPRESIDENT, BOEING INDIAOn how manufacturers in India can leverage growth opportunities in the aerospace sector
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22 THE DOLLAR BUSINESS II FEBRUARY 2017
BY NEHA DEWAN AND AHMAD SHARIQ KHAN
CAN INDIA'S OUTSOURCING INDUSTRY SURVIVE THE TRUMP ATTACK?Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trump’s campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws? There is no doubt that US being the largest consumer nation in the world, governments across the globe will keep a close watch on Trump’s policies. India will be no exception. The hot-button topic for India – ‘outsourcing’, has surfaced again and the impact of Trump’s announcements, be it restrictions on H-1B visas or penal taxes on US companies for outsourcing jobs, is being felt already in India. And this, coming during times when India's outsourcing industry has been experiencing a rough patch isn't an encouraging development. How hard will an avalanche of protectionist measures from the Trump regime hit India's outsourcing industry?
COVER STORY INDIA'S OUTSOURCING INDUSTRY: AN UNCERTAIN FUTURE?