Indian IT Industry Excited With Joe Biden As US President; Infosys, TCS, Wipro Shares Zoom Ahead

America, on Sunday welcomed its 46th President Joe Biden with extreme emotional outbursts and waves of joy across the nation.

The country also gets its 1st ever inter-racial female Vice President, Kamala Harris.

The trade association of Indian IT & BPO companies NASSCOM welcomed Biden as the new POTUS, congratulating him on Twitter and extending its support to work with the new administration.

Nasscom Looks Forward to Stronger Future Ties with the US

US is among the biggest markets for the Indian IT sector. 

Speaking of IT sector, Nasscom has reported a revenue growth of 7.7%, now standing at $191 billion for the IT sector in this current fiscal.

The overall workforce too has increased to 4.36 mill, after about 2 lakh jobs were added.

Nasscom has congratulated the new President of the United States via a tweet,

NASSCOM congratulates US #PresidentElect @JoeBiden on his win. We look forward to working with him and his administration in pivoting technology, skills and digital transformation for the United States. https://t.co/AVyWXHJwYg

— NASSCOM (@nasscom) November 8, 2020

Nasscom’s Role in the US IT Sector

“The Indian technology industry makes critical contributions to the US economy and workforce, including local investments and job-creation, workforce development and upskilling their US employees, CSR and community services,” quotes Nasscom.

The Indian industry body also added that it looks forward to working with the new US Administration in finding solutions related to the Science, Technology, Engineering and Mathematics (STEM) talent in the US, thus enabling America to grow, be more competitive and create more employment.

Nasscom further informed that its member (Indian) companies in the US, working closely with over three-fourths of the Fortune 500 companies in the US, provides them with indispensable tech support, thus leveraging their standards.

The bilateral trade between the two democracies have plummeted by over 400% since 2005, increasing the total value from $37 billion in 2005 to $149 billion in 2019.

India’s technological growth and support has played a crucial role in this