Why and how Elon Musk's federal budget squeeze does not mean 'bad news' for Indian IT companies
The recent federal budget cuts by Elon Musk's Department of Government Efficiency may impact consulting technology companies but are expected to have minimal effect on Indian IT firms, which receive less than 2% of their revenue from US federal contracts. Analysts believe that these companies are insulated due to their primary engagements with state and local governments.
The recent federal budget cuts by Elon Musk's Department of Government Efficiency may impact consulting technology companies but are expected to have minimal effect on Indian IT firms, which receive less than 2% of their revenue from US federal contracts. Analysts believe that these companies are insulated due to their primary engagements with state and local governments.
