Nasscom expects Biden administration to reverse Trump s harmful policies ; bring relief to Indian IT industry
Indian tech industry body Nasscom hopes the new US administration will bring changes to regulatory policies hurting IT companies while working to find solutions to the STEM skills gap
Rukmini Rao | January 21, 2021 | Updated 21:58 IST
US President Joe Biden
The National Association of Software and Services Companies (NASSCOM) expects the new President of the United States (US) Joe Biden s commitment to review and make necessary changes to harmful regulatory policies put in place by the Trump administration and would bring some relief to the IT industry.
The year 2021 will be good for India s information technology sector and most of the companies in the space are expected to clock high single digit growth, according to IT industry veteran V Balakrishnan. The former Chief Financial Officer of IT major Infosys said Indian IT companies have handled the COVID-19 very well in terms of transitioning to work-from-home and capturing new business opportunities in the wake of the pandemic. All major global companies wanted to move to Cloud and cut costs, the Partner and Chairman of Exfinity Venture Partners said. That s why big deals are coming and Indian companies are getting a fair share of that , Balakrishnan told PTI.