Indian information technology stocks fell nearly 3% on Monday after U.S. President Donald Trump imposed a $100,000 fee on new H-1B visa applications, threatening the sector’s long-standing model of rotating skilled workers into the U.S.
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On Friday, Trump announced that companies would now be required to pay higher fees for new H-1B worker visas. Last year, 71% of the approved H-1B beneficiaries were Indians.
India’s $283 billion IT sector, which generates about 57% of i… [818 chars]
Source: Reuters | Published: 2025-09-22T03:52:19Z
Credit: Reuters
