New Delhi, Nov. 14 -- A new US bill targeting outsourcing could sharply disrupt India's USD280-billion IT, BPO and Global Capability Centre (GCC) industry, which earns over 60 per cent of its revenue from the American market, the Global Trade Research Initiative (GTRI) has warned.

According to a GTRI analysis, the "Halting International Relocation of Employment (HIRE) Act", introduced in the US Senate on September 5, 2025, proposes steep penalties for companies that offshore work. The bill, unrelated to the similarly named 2010 HIRE Act, seeks to impose a 25 per cent excise tax on payments made by US firms to any foreign service provider, including for work performed entirely outside the United States. It also aims to disallow tax deduct...