There is narrative, and there is reality. What is the narrative about the IT sector at this point of time? It is that when Trump takes office, immigration and H1-B policies will see a change which will hurt Indian IT companies. The reality is that while H1-B is important for Indian IT companies, they have learnt to leave without it. The biggest test was taken – and passed – during the Covid phase. Another reality: Trump’s pro-corporate policies are likely to help US corporations with a tax cut, which is good news for Indian IT firms. So, while the narrative may be loud at this point, do take a pause and look at the reality.