InvestorQ : What could be the impact on Infosys, Wipro and TCS if Trump goes ahead and suspends H1-B visas? I guess, India is the largest user of these H1-B visas?
Mary Joseph made post

What could be the impact on Infosys, Wipro and TCS if Trump goes ahead and suspends H1-B visas? I guess, India is the largest user of these H1-B visas?

Answer
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sara Kunju answered.
3 months ago


Donald Trump has underlined that he could consider suspending a whole lot of employment visas including the H-1B. This is significant for Indian IT industry as the companies use this visa to send their employees abroad to work on projects. Trump was to hold the jobs within the US in the light of the massive unemployment in the US due to the pandemic. The Fed has estimated that the unemployment level could touch a high of 9.5% by year end. There could most likely be a bar on new H-1B holders coming to work from other countries until the suspension is lifted. However, visa holders in the US may not be affected. The US government is considering a number of measures to protect American workers and their jobs. The suspension could move much beyond the H1-B visas. According to officials, the H-2B visa for short-term seasonal workers, the J-1 visa for short-term workers including and the L-1 visa for internal company transfers could all be impacted by the suspension. This is likely to hit most of the large IT companies in India as they depend to a large extent on these visas for their regular survival. However, such a suspension may not be that simple as US industries need these software experts to be in the US and delivery on their projects.