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)

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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

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© Copyright 2017No part of this magazine may be reproduced in whole or in part without an ex-pressed permission of the publisher. The information on this magazine is for information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re-sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt. Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, or for any actions taken in reliance thereon. The information contained about each individual, event or organisation has been provided by such individual, event organisers or organisation without verification by us. All disputes are subject to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana.Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at 5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana.

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COVER STORY 22

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?

FEBRUARY 2017 II THE DOLLAR BUSINESS 23