Indian firms could take advantage of Trump’s H-1B fee, says analyst
Reuters · Just In
Reuters
Just In
Indian companies could take advantage of the blow dealt to U.S. tech firms by President Donald Trump's new visa fees for skilled foreign workers, an Indian business analyst said on Monday (September 22).
Breakdown
- A new $100,000 annual fee for H-1B visas in the US could benefit Indian firms. 6s
- The fee may encourage US companies to expand global capability centers in India. 22s
- Analysts say the impact on US tech firms may be moderate as the fee applies only to new applications. 58s
- US tech giants like Amazon and Microsoft are major H-1B sponsors and may face higher costs. 1m 17s
- Indian IT stocks declined, reflecting uncertainty over increased costs and slower growth. 2m 12s