Irrespective of Trumpโs occasional positive and negative statements about India, I keep repeating MAGA doesn't want India to grow. They are already regretting China's growth. US very well understands IT is backbone of our economy.
MAGA, primarily white Americans hate Indians doing well in US.
They'll send back as many Indians as possible from USA. Not everyone in Indian IT is irreplaceable. Already AI is eliminating low end and entry level jobs. Big Tech is also seriously thinking about bringing high end jobs back to US and also outsource them to many other countries as they can't get a single country similar to ours for complete outsourcing.
The day is not far off IT industry in India would become unviable as Trump may tariff IT services also heavily.
It may take couple of years for these developments to play out.
Suffering of IT industry means suffering of entire urban India and white collar economy.
Be cautious with your money. For example, it may not be a right time to 'invest' in real estate.
Real estate stands on two pillars - legal money from IT professionals in India and NRIs. The other pillar is parking of black money by corrupt politicians, bureaucrats and businessmen.
If the first pillar gets affected, second too would be impacted. Demand would slow down. Money flow in economy would come down. You need good money flow in the economy for corruption too.
I'm more pessimistic about Indian economy and markets for next 3 to 5 years. I would be happy to be proven wrong. But this is how I see it now.
Elon Musk fired 80% of Twitter (6500 people) and everyone thought that Twitter was doomed.
He was right. Everyone was wrong.
Itโs the management masterclass of the decade and every entrepreneur must understand why it worked ๐งต: