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HIRE Act of USA
September 14 , 2025
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- The HIRE Act (Halting International Relocation of Employment Act) was introduced by US Republican Senator Bernie Moreno in September 2025.
- The Bill proposes a 25% tax on US companies that outsource jobs to other countries.
- The proposed legislation targets the services sector, including Information Technology (IT) outsourcing.
- Indian IT companies derive approximately 62% of their export revenue from the United States.
- The Indian IT sector’s total export revenue, including hardware, is estimated at $224 billion.
- The United States accounted for 17.7% of India’s total exports in the financial year 2023–24.
- India had a trade surplus of $45.7 billion with the United States in FY24, including $38 billion in goods trade.
- The Indian IT sector is expanding operations in Asia, Australia, the Nordic countries, Japan, and the Middle East.
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