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America under Obama plans to ‘buy American’ – a long waited disaster for India Inc. and its outsourcing schemes
The outsourcing schemes of India Inc. have collapsed. It is now time for its complete uproot. America under Obama administration is ready to bring the nail to coffin for Indian Inc.’s outsourcing schemes. America has to start thinking about America. Fairness must dominate the global trade – not currency manipulated unfair trade as conducted by India and China.
President-elect Barack Obama’s advisers are looking at including a “buy American” provision in the economic-stimulus legislation that the incoming administration has made its first priority.
That may spell the death for unfair trade practices by the IT and call center outsourcing schemes of India Inc. The honeymoon for Indian and Chinese unfair trade is over. The trade will be dominated with fair trade practices, fair currency valuation, human rights concerns, child and prison labor issues, principles against cyber slave trading, environmental issues, and above all fully reciprocal nature of global trade.
India and China must buy as much from America as they sell to America. The Indian and Chinese currencies must be brought to some parity so that slave traders in both countries find it difficult to trade human bodies.
With the U.S. amid its worst economic slump since World War II, Obama is working on a package combining tax cuts and spending on infrastructure, such as roads, bridges and transit systems, to boost growth.
The stimulus package must pass Congress. Obama transition team and US Congress are focused on investments in areas where American industry will benefit.
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