Indian IT cos’ lobbying spends jump 40% in Trump era

A report by investment firm CLSA shows that IT majors TCS, Wipro, Cognizant, Infosys and industry body Nasscom were collectively spending up to $2.4 million for lobbying in the US in fiscal year 2015. That number increased to $2.9 million in FY16 and then to $3.3 million in FY17 — the fiscal year when Trump assumed power. In the first three quarters of FY18, the figure is already at $3.2 million (it was $2.3 million in the same period in FY17).

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