Congress Warns U.S. HIRE Bill Could Adversely Impact Indian Economy
The Congress party has raised concerns over the U.S. Halting International Relocation of Employment (HIRE) Bill, cautioning that it could have a severe impact on India’s economy.
Congress General Secretary Jairam Ramesh stated that the legislation, aimed at curbing the relocation of jobs overseas, would directly affect Indian IT services, BPOs, consulting firms, and Global Capability Centres. He warned that the bill could stifle growth, lead to job losses, and reduce investment in India’s thriving technology and services sectors.
Ramesh urged the Indian government to engage diplomatically with U.S. authorities to safeguard India’s interests and prevent economic disruption. Experts have noted that India’s outsourcing industry contributes significantly to GDP and employment, and restrictive foreign legislation could impact bilateral trade, technology partnerships, and global competitiveness. The Congress called for immediate policy measures to protect the sector and ensure continued growth.
