US election: Joe Biden victory could lift IT sector's spirits, say experts

Experts are of the view that Biden winning could mean slightly easier immigration, and less restriction on H1B visa norms

Even as the battle for the White House still remains inconclusive though the Democrats, led by Joe Biden, are just a few steps away from victory, the technology outsourcing industry is feeling the ripple effects. 

IT stocks on Thursday surged as the poll results neared conclusion in anticipation that the Democrats, considered more liberal on immigration, will return to power in the US.

India’s IT industry is heavily dependent on visas. Its ability to be able to work with clients with seamless movements of people from offshore to client geographies has been one of the factors in success. 

Experts are of the view