Indian IT stocks poised for growth amid US tax reforms under Trump

Indian IT stocks are gaining popularity as experts predict an increase in deal value from the US manufacturing and BFS sectors. This is due to potential taxation support under the incoming Trump administration.

The IT sector has seen a surge in optimism following the recent US election, with expectations of improved prospects for Indian tech companies in a favorable business environment. The anticipated extension of corporate tax cuts, set to expire in 2025, is expected to stimulate a positive earnings cycle and lead to higher spending on IT services in the US. This presents a significant opportunity for Indian IT firms, positioning them as key beneficiaries in the changing landscape.

Market expert Sunil Subramaniam has highlighted that Indian IT companies align well with the 'Trump Trade' narrative, making them a preferred investment choice despite broader market challenges.

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