Deportation Threats, Megabills & India’s Consulting Boom

Hello Readers,

Did you hear?

Trump has threatened to deport Musk!

U.S. President Donald Trump has threatened to deport Elon Musk, questioning the legality of Musk’s early immigration to the U.S, worsening their ongoing feud. Trump claimed Musk may have committed visa fraud while securing his initial work permit. The threat comes amid renewed tensions between the two. Musk, who was born in South Africa and holds Canadian citizenship, could potentially return to Canada if pressured. The deportation remarks have drawn attention due to Musk’s significant influence in U.S. tech and business circles. What else?

Trump has threatened to stop helping Tesla and SpaceX!

President Trump did not stop at threatening Musk, he has now threatened to revoke federal support for Tesla and SpaceX! Trump claimed the companies rely heavily on government subsidies and suggested that, without such support, Musk would struggle to keep them afloat. He warned that if Musk continues to oppose him, the government could withdraw assistance to his ventures. The comments mark a significant escalation in tensions between the president and the tech billionaire. What next?

‘One Big Beautiful Bill’ has been signed into law!

U.S. President Donald Trump signed the “Big Beautiful Bill”, the flashpoint of his feud with Musk, into law during a White House picnic, delivering major tax cuts for middle-income families and small businesses while reducing federal spending. The bill also allocates funds for the expansion of the border wall and enhanced immigration enforcement. Touted as a fulfillment of his “promises made, promises kept” slogan, it aims to boost economic growth. The law takes effect immediately, shaping Trump’s 2024 re-election platform. But not everyone likes it!

Musk is criticizing the bill!

Elon Musk criticized President Donald Trump’s recently passed “megabill,” echoing Senator Rand Paul’s concerns about its excessive spending and inflationary risks. Musk labeled the bill fiscally reckless, warning it could deepen the national debt and harm future economic stability. This marks Musk’s first public comment since the bill’s passage and reflects a shift from his earlier support for Trump. His remarks have intensified debate within conservative and libertarian circles over the bill’s economic implications and the direction of fiscal policy. But that’s not the end!

Musk wants to start a third party!!

Elon Musk has revived the idea of forming a third political party after U.S. President Donald Trump signed the "One Big Beautiful Bill" into law. Musk criticized the current political structure as a “uniparty,” claiming both Democrats and Republicans serve similar interests. He proposed the name “America Party” and hinted at its launch on Independence Day. Musk's move reflects growing dissatisfaction with the status quo and could significantly reshape the U.S. political landscape ahead of the next election.

Speaking of the US, did you know that New York City serves as a global hub for consulting?

While 2024 saw a sharp slowdown in the Consulting industry, 2025 is expected to show great change. Companies are looking for ways to boost profitability as major changes like the acceptance of advanced technologies like AI and ML, digital transformation, sustainability, hybrid working, and other new business practices will require significant assistance.

According to a report by Mordor, the Healthcare sector will witness the highest growth and Asia-Pacific is expected to drive overall market growth with companies seeking out specialized advice to tackle new business challenges.

How will that benefit India?

With a growing economy, weaker currency, rising education, and growing skill levels among the young demographic, a larger amount of services are now being outsourced to India. Several MNCs are now setting up multiple offices in India to take advantage of lax labour laws and a smart workforce. In fact, 16 governmental ministries gave the Big Five consultancies 300+ assignments worth over Rs 500 crores over the last 6 years, indicating the government’s acceptance and reliance on consulting.

Moreover, the global management consulting market is set to grow at a CAGR of 10.2% to reach $811.3 billion to reach new horizons. As such, firms like KPMG, Deloitte, EY, PwC, and McKinsey are expanding their presence in the country and ramping up hiring. But are you taking advantage of it?
 

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