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What is ahead for Indian IT Industry under Joe Biden presidency?

Born St. Mary’s Hospital in Scranton , Pennsylvania, on 20 November 1942, Joseph Robinette Biden Jr is an American politician and presidential elect of the United States. Studied at University of Delaware, he is a member of the Democratic Party and has served as the 47th Vice President from 2009 to 2017. He has also earned a law degree from Syracuse University.

Under the regime of Joe Biden, we expect it is a positive sign from the Indian IT industry. We are also expecting that he will be focused on the technology and economic growth of the United States, which will certainly increase IT spending. When IT spending would increase, we can anticipate that it would offer lucrative opportunities to the Indian IT segment. This would certainly strengthen the India-US relationship

NASSCOM member companies have an important history in the U.S.; they work with over three-quarters of the Fortune 500 companies in the U.S., providing them vital technology services and helping them innovate, compete, and grow. India-U.S. bilateral trade increased by over 400% since 2005, with a total increase in value from $37 billion in 2005 to $149 billion in 2019 1: technology sectors of both countries have played a critical role in driving this (source: Nasscom)

It is quite interesting to know that the employees at large technology firms support Biden. As per CNN, $1.5 million was collected for Biden campaign from the giant technology organizations- Amazon, Google, Facebook, Apple along with their technological-focused subsidiaries. The arrival of Biden can also ease the rules for social media companies like Twitter and Facebook.  Everyone remembers when Facebook employees staged the virtual walkout in June this year, when the CEO of Facebook, Mark Zuckerburg had decided to not take any action against the controversial posts regarding Trump. They will also impact the India-US relationship.

For the US, the Joe Bidden will work on priorities like providing access to high-speed broadband which is the utmost requirement during this pandemic situation. Telemedicine and virtual education require basic digital infrastructure. For the current situation, the Digital divide is a priority in the United States. The government will also be open to work with technology and telecom firms, while they insist that the basic values of an open internet shall be maintained.  They would also support the technology start-ups with diverse founders to support their commitment towards multicultural blocs.