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Mostly due to tariff and charges of currency manipulation. Besides, the issue of taxing Murican companies in India. Also the fact that GOI is spanking a lot of Murican companies really hard in the ass - Amazon, Facebook, Twitter, GM you name it. These are the repercussions. They are not...

Do follow Arvind Virmani (former CEA) on Twitter. You will love the way he calls out the ignorance of these so called experts.