H-1B visa suspension may adversely impact margins of IT companies
Though Indian technology companies may not be completely immune to pressures arising out of the suspension of H1-B visa by the US, analysts said these firms, in general, have been reducing their dependence on visas by hiring more employees locally.
The covid-19-related curbs on travel have led Indian technology firms to push for deal transitions and more work being handled offshore, and this trend may only accelerate going ahead.
Increasing protectionism in the US, Trump issued a presidential proclamation that temporarily blocks foreign workers entering on H-1B visas, which are for skilled workers, and L visas for managers and specialised workers being transferred within a company.