US President Donald Trump has increased the difficulties for India’s IT professionals by increasing the H1B visa fees. Now Indians will have to spend 1 lakh dollars (about 88 lakh rupees) for H1B visa. This decision has made the dream of working in America expensive and concern has increased in India’s IT sector and startups.

What did the Trump administration say?

The Trump administration says that the new ‘Gold Card’ option will help America bring the most efficient professional directly. He argues that the misuse of H1B visa is becoming a threat to American jobs. According to the White House data, in 2003, H1B professionals had 32% IT jobs, which would exceed 65% by 2025.

The new visa fees will think twice before going to the Indian professional America. Experts say that this is both challenge and opportunity for India. Many companies have now reduced their dependence on H1B visas and are increasing recruitment at the local level.

How will India benefit?

Experts in the IT industry believe that the new fees will be forced to return home to the Indian talent working in America. This will increase the flow of skill, experience and capital in India. According to Vivek Wadhwa, CEO of Vionix Biosciences, this will be a financial loss for America but India will benefit.

It is time for the Government of India and companies to increase local opportunities and establish India as a global tech hub. Experts believe that ‘American Dream’ in America will be difficult now, but India will get the benefit in the long time. This change will completely change the scenario of global IT talent and Indian professionals will explore their career and business options under new circumstances.

Also read-

LPG Price Today: Milk, bread and biscuits all reduced prices, whether LPG cylinder was cheaper after cuts in GST?

Gold Card Visa for Us Citizenship: US President Donald Trump recently announced a gold card visa, which people would have to spend five million dollars (about 43 crore rupees) to get. Meanwhile, Trump’s top official Howard Lutnik has claimed that his Gold Card Scheme has received a tremendous response.

According to Lutnik, 1,000 cards were sold at a price of $ 5 million per card, raising a total amount of $ 5 billion. Let us know that America has set a target of selling one crore gold cards.

37 million potential buyers
Speaking on ‘All-in Podcast’, US Commerce Secretary Lutnik said that there are 37 million people in the world who can buy this card. Trump believes that he can raise up to 5 trillion dollars by selling 1 million gold cards. Lutnik said, “There are 37 million people in the world who are able to buy cards … The President feels that we can sell a million,”

Whose replacement is the gold card?
According to Lutnik, Trump’s Gold Card Scheme is a replacement of the existing EB-5 Investor Visa. This card will give big investors an opportunity to get a permanent residence in the US. Earlier, Lutynik had said that 2.5 lakh people are interested in this gold card. The idea was Trump’s brainchild, which he shared during a meeting with famous investor John Paulson. He said, “It was my job to implement Trump’s idea, and I found out how to do it.”

America’s economy will get strength?
Trump appreciated the scheme and described it as a step of strengthening the US economy. He says that this scheme will attract rich investors, which will increase jobs in America and increase tax collection. Trump told Fox News, “Rich people will buy this card and come to our country. They will be successful, will spend a lot of money, pay a lot of taxes and will give employment to many people,”

Plan to repay national debts from gold card sales
Let us know that this scheme has been brought with the aim of reducing the US National Debt of $ 36.2 trillion. According to Lutnik, this can be an effective way to reduce federal deficit.

Also read: Dragon is not improving! China’s eyes still on India’s land, government made shocking disclosure