Trump’s $100,000 Visa Threatens Business Model of India IT Firms
Donald Trump’s sticker shock on H-1B visas risks disrupting Indian tech firms’ US projects, and is forcing Prime Minister Narendra Modi to once again deal with the fallout from America First policies.The US president’s order on Friday — which requires a $100,000 fee for H-1B applications — will hurt margins of Indian outsourcers who use the program to deploy engineers to client sites. That’s a blow to India’s $280 billion IT services sector that’s already grappling with sluggish growth as custom...
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