Trump’s Crackdown On The H-1B Visa Is Eating Into Indian IT’s Profits
Chances of Indian techies working in the US are even slimmer now with the US department of homeland security (DHS) announcing that the H-1B lottery selection process will be reversed to favour master’s or advanced degree holders from US universities.
H-1B woes in the US are racking up big bills for India’s IT majors.
With the Donald Trump administration tightening the noose around visa clearances, Indian outsourcing companies are being forced to recruit local talent in the US. But that will come at a massive cost. “…we foresee a rise in local hiring in (the) US, payment of higher wages, which will take a hit on the margins of IT majors,” a recent report by credit ratings firm CARE said.