Obama is a politician. Whether in India or US, a politician's primary focus is his constituents and his comments are geared towards them. Right now, the US is hurting with massive job losses, and as their elected leader, it is his duty to address that.
Indian companies too have their own set of favourable circumstances vis a vis American firms, they pay almost no tax on their profits due to the STPI scheme. They have a huge wage advantage, as most of their employees are in India. If these are not sufficicient for them to compete and thrive, then they deserve to fail. after all this is the Capitalism that they so praise in action.
As for Nasscom, what happens to their grand pronouncements on the strength of Indian IT (1 million + employees, 60 Billion revenues)? Surely, an industry of this size should be able to innovate to handle any bouncers of this nature? Or deep within their hearts, do they know that Indian IT is nothing but a bunch of low skilled code coolies whose only advantage is the cost and the minute you take that away, the entire thing will unravel?
