Biden's executive order may spur 'five-year mega growth' cycle for India's IT sector SECTIONS Share Synopsis AP President Joe Biden speaks in the East Room of the White House, Thursday, July 8, 2021, in Washington. Biden is set to sign an executive order the White House bills as an effort to target anticompetitive practices in tech, health care and other parts of the economy while boosting workers’ wages and consumer protections. (AP Photo/Evan Vucci) India’s $150 billion IT services sector is expected to witness a “five-year mega growth” cycle due to the speed at which American enterprises transform themselves digitally, outsourcing experts told ET, following US President Joe Biden’s executive order last week to increase competition in the US economy.