, Columnist
Indian Tech's Post-Truth Moment
If TCS and Infosys can't pass higher labor costs on to customers, profits will start to erode.
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India's technology outsourcing industry was facing peak pessimism even before Donald Trump. But if the new president signs into law a draft executive order to tighten the U.S. guest-worker regime, the moment of reckoning for the likes of Tata Consultancy Services Ltd. and Infosys Ltd. could arrive much sooner than shareholders anticipate.
Since investors know very little about how the Trump order would tweak the granting of H-1B visas, they're examining the more concrete proposals in the House bill introduced by Silicon Valley Democrat Zoe Lofgren.