Heads up, techies! President Trump just slapped a hefty $100,000 fee on every new H-1B visa, sending ripples through India’s $283 billion IT sector 🌊💻. From Sunday, this fee kicks in, and it’s a game-changer.
Why it matters: about 57% of India’s IT revenue comes from the U.S., and India snagged 71% of all H-1Bs last year. Now, with the visa cost spiking, firms are rethinking the classic onshore-offshore playbook 🇺🇸➡️🌐.
Top execs predict onshore rotations will hit pause, offshore delivery will speed up, and we’ll see more hiring of U.S. citizens and green card holders. As Ganesh Natarajan, ex-CEO of Zensar, puts it, 'The American Dream for many will get tougher.'😬
Clients might push for repricing or delay project kick-offs until the legal dust settles. Expect a surge in automation and AI tools to fill talent gaps—think smart code bots handling routine tasks 🤖💡. Meanwhile, global capability centers (GCCs) in India, Mexico and beyond are set for a glow-up as high-value innovation hubs.
The outlook? Legal challenges are already brewing, and more projects could shift offshore or to near-shore spots like Canada and Mexico. But India’s IT prowess isn’t going anywhere—upskilling, GCC growth, and digital hustlers will keep the sector on its toes. Stay tuned for the next chapter in this tech saga! 🚀
Reference(s):
Trump's H-1B visa crackdown upends Indian IT industry's playbook
cgtn.com
