Executive Briefings

Clinton Tells India Outsourcing Concerns U.S.

U.S. Secretary of State Hillary Clinton finished up her trip to India recently with a promise to improve cooperation on high-tech trade between the two countries, but she offered no specifics about how that will be accomplished. And she told Indian officials that outsourcing concerns their U.S. counterparts.

Clinton left with an agreement that the two countries will continue talking "with the objective of facilitating smoother trade in high-technology between the two economies."

That statement appears to be an effort to lessen protectionist fears in India triggered by a number of events, including a comment in May by President Barack Obama that the U.S. has developed a tax code "that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, N.Y."

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U.S. Secretary of State Hillary Clinton finished up her trip to India recently with a promise to improve cooperation on high-tech trade between the two countries, but she offered no specifics about how that will be accomplished. And she told Indian officials that outsourcing concerns their U.S. counterparts.

Clinton left with an agreement that the two countries will continue talking "with the objective of facilitating smoother trade in high-technology between the two economies."

That statement appears to be an effort to lessen protectionist fears in India triggered by a number of events, including a comment in May by President Barack Obama that the U.S. has developed a tax code "that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, N.Y."

Read Full Article