Indeed, one month later, the Technology CEO Council released a study revealing that the proposed changes to tax policy would result in a job loss for as many as 2.2 million Americans.

Besides affecting jobs, investments in plants, equipment and property in the U.S. could fall by as much as $84.2 billion, according to the report by former Clinton administration economic official Robert J Shapiro and Aparna Mathur, a research fellow at the American Enterprise Institute, he said.

“Today, Bangalore is probably the most pro-American city outside the United States. Texas Instruments, HP and many other American-based companies flourish there and are well positioned to take advantage of India’s growing needs for IT products and services,” Rao argued.

“If you visit Bangalore or Gurgaon, you will see millions of square feet of office space filled with U.S.-branded IT equipment, as well as other imports,” he said in his testimony.

The fact is, he argued, the US and India’s IT sectors have decades of history in mutually beneficial symbiotic relationship benefiting both nations.
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