H-1B visa ban to hit margins, attrition rate of Indian IT firms

The US President Donald Trump’s decision to stop all kind of H-1B visas for the next one year comes as a major jolt for Indian IT firms and is likely to hit them where it hurts the most: margins and attrition rate.

The move comes at a time when Indian IT companies are trying to reclaim the former glorious levels of margins, and contain the high attrition rates, the proclamation, which is aimed at pandering to the domestic sentiments before elections, is expected to send the plans of Indian IT companies for a toss this year.