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However, Fitch has warned that a sharp or sustained rise in energy prices, given the ongoing geo-political risks, presents downside risks to the projection. On the economy, it expects the country to be among the world s fastest-growing large sovereigns, with resilient GDP growth of 6.5 per cent in FY25, marginally down from a likely 6.9 per cent GDP print this fiscal. ....
Trump curbs would have shaved off I-T firms’ profit margins by up to 5.80%, hit mid-tier firms most In a huge relief to Indian IT service companies and techies, the Biden administration has scrapped changes to H-1B visa rules introduced by the Donald Trump administration in October 2020. Though the Trump-era regulation never took effect due to a federal court ruling, the US government has formally rescinded it and reinstated long-standing H-1B eligibility criteria. The rules would have revised the definition of “specialty occupation,” placed new restrictions on the placement of H-1B workers at third-party work sites and reinstated contract and itinerary requirements. ....