12 Nov '12, 5am

What Obama's Win Means To India?: On one hand Obama's anti-outsourcing ads helped him in being re-elected as the...

Bangalore: Barack Obama is set for another four-year term at the White House after he won the Presidential elections. While not just the U.S. but the entire world rejoiced his victory, what does his win mean to India? On one hand Obama’s anti-outsourcing ads helped him in being re-elected as the U.S. President and a lot of his proposals were based on changes to the tax code, with limiting deductions for companies that move jobs overseas, rewarding firms that return jobs to the U.S and increasing taxes on rich Americans. Obama had last year also been very vocal about reducing medical tourism to India, with a plan to change the U.S. healthcare system. The U.S. President was quoted saying in response to a question about why U.S. health insurance won’t cover medical expenses incurred abroad, “My preference would be that you don’t have to travel to Mexico or India for cheap hea...

Full article: http://sfluxe.com/2012/11/11/what-obamas-win-means-to-india/

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