Jis Din se Iss Obama ne office join kiya hai, India ki naak mein dam kar rakha hai. Oh! Sorry..Infact jis din se issne White House mein aane ki icha jatai hai, uss din se.
I am still not able to figure out whether he holds any grudge against the Indians or is it because of his love for the 'American Manoos' that he is against outsourcing US Jobs to India and other parts of the world. Seems like Raj Thackeray has got global company now :). He has a special mention for Bangalore everytime he talks about creating more jobs for the US citizens. He warns that if the children in US don't concentrate on their education, there jobs will be taken away by their Indians and Chinese counterparts. Well, that may be true :P.
As far as unemployement rates in the US is concerned, Obama puts the blame squarely on India. I think he's too obsessed with us rather then US. First it was hiking the US Visa fees, then calling Indian IT giants as 'Chop Shops' and now a body blow, Democratic ruled Ohio banning any government department from outsourcing its operations to any non-US organization, specifically mentioning India. His administration is leaving no stone unturned in deteriorating what has been a great partnership between the world's biggest democracies over the decades. Someone please tell him, that had it not been this medium of business, US economy might just have collapsed in the pressure of high costs many years ago.
As of now only TCS has offices in Ohio and some of its contracts will be surely cancelled and the existing ones will no longer be renewed. The other IT majors will largely remain unaffected but what concerns me is the sentiment that it is going to create. I hope other US states doesn't follow suit and this remains primarily in the govt sector in Ohio also.
The IT stocks are surely going to be south bound in tomorrow morning's trade and might just take some days to recover. Not sure what to do with my e-sops though. Will retain them for some more time anyways.
Admist all this, the Govt of India is all set to roll the Red Carpet for Barack Obama during his visit to India in November. So as to avoid any negative vibes reaching saat samundar paar, he has even decided not to include Bangalore in his itinerary. Obviously when the Senate Elections are due around the same time, he couldn't have afforded to take the risk. This will be the time when he'll be signing the much talked about Indo-US Nuclear Deal and take home a business worth $20 Billion for US companies (public and private alike). How two faced he can be, not sure which face to slap first.
I hope our PM talks tough atleast now and not respond in his typical spineless style by signing the nuclear deal and not even mentioning the concerns of the Indian IT Sector, because if he does then the day will not be far when we say 'Bbye to IT' in India. Hopefully, he'll do it better with this meeting in comparision to the way he's running this country. Fingers Crossed.
