NEXT INDIAN CASH COW FOR THE US

The new H-1B and L-1B visa rules are going to cost around $ 200 mn every year to the Indian IT industry. America, being the most liberalized country has shown how protectionism has to be implemented at the expense of the rest of the world. Instead of whimpering, we should also implement swachh bharat cess on services offered by MNCs. But we won’t do that. Our slogan has always been ‘Bhai Bhai’ for everyone and never ‘Eye for an Eye’. In the current scenario hard core professionalism should take over our world renowned ethical values. 

Now that H-1B visa issue is a done deal, we should be worried about the next target and be ready for it. No prizes for guessing. It is going to be Indian pharma industry which accounts 30% in volume and 10% in value of the $ 80 bn US generic pharma industry.