Indian IT giant Wipro has warned that rising global trade barriers, tariff hikes, and tightening immigration rules—especially in the US, its largest market—could hinder future growth. The company earns over 62% of its revenue from the US and 27% from Europe, making it vulnerable to economic volatility and policy changes. Despite a strong FY25 net profit rise of 18.9% to ₹13,135.4 crore, Wipro anticipates short-term revenue pressure and a 1.5-3.5% decline in Q1 FY26. It also flagged immigration restrictions as a risk but is mitigating it by hiring locally and maintaining a strong visa pipeline.