H-1B Visa Rule Shock Indian IT less, more damage to Meta-Amzon-Microsoft | Paisa Live

The huge increase in H-1B Visa Fees by the government of Us President Donald Trump has created a stir in Global Tech Industry. Under the new rules, the fees of H-1B Visa have been increased from 100 times to about $ 100,000, which will directly affect the cost of IT companies. Although Indian IT companies have limited dependence on H-1B in America (1–3%), 21,000+ employees of American Tech Companies like Meta, Amazon and Microsoft are working on this visa-and it starts from here. There will be an additional burden of $ 16.6k – $ 33K. At the same time, Local Hiring costs 25–30% more. This increases the expenditure in both the paths. As a result, companies can now turn to offshoring or outsourcing – as it happened at the time of Y2K when India acquired 2.5 billion dollar contracts. The US is also at risk of $ 35 billion annually tax loss, and “Reverese Drain” can be faster in India.