GET Stock QuotesNews18 APP
News18 English
»
1-min read

How the H-1B Visa Crackdown Will Affect India's Software Talent

Here’s how the H-1B visa legislation affects Indian software industries and tech giants in the US.

News18.com

Updated:January 31, 2017, 8:26 PM IST
facebookTwittergoogleskypewhatsapp
How the H-1B Visa Crackdown Will Affect India's Software Talent
US President Donald Trump signed a new executive order aimed at overhauling work visa programmes like the H-1B and L1.
Loading...

A legislation has been introduced in the US House of Representatives which among other things calls for more than doubling the minimum salary of H-1B visa holders to $130,000, making it difficult for firms to use the programme to replace American employees with foreign workers, including from India.

Here’s how the legislation affects Indian software industries and tech giants in the US:

$1 billion: Contribution of Indians with H-1B and L-1 visas to the US economy

4.1 lakh: Jobs the Indian IT industry contributes to the United States
$22.5 billion: Contribution of Indian IT companies as taxes to US coffers between 2011-15
$6.6 billion: Cumulative contribution to social security coffers between 2011-15
11 of the top 20 tech firms in India are headquartered in the US
1,20,000+: American lives touched through CSIR efforts of Indian tech firms
445,000: Shortage of STEM (Science, Technology, Engineering and Mathematics) manpower in US by 2022

H-1B visa applications in 2016 by Indian and US firms:

Indian Companies
Infosys 33,289
TCS 16,553
Wipro 12,201
HCL America 6,110
Tech Mahindra (US) 6,041

American Firms
IBM 13,600
Microsoft 4,575
Google 4,048
Amazon 3,394
Intel 1,694

India’s Brightest Exports to Silicon Valley

Satya Nadella | CEO, Microsoft
Alma mater: Manipal Institute of Technology

Sundar Pichai | CEO, Google
Alma mater: IIT-Kharagpur

Vinod Khosla | Co-founder of Sun Microsystems
Alma mater: IIT-Delhi

Shantanu Narayen | President and CEO of Adobe
Alma mater: Osmania University

Sabeer Bhatia | Founder, Hotmail
Alma mater: Birla Institute of Technology and Science

Padmasree Warrior | Former CTO of Cisco Systems & Motorola, Inc.
Alma mater: IIT-Delhi

ALSO READ: Donald Trump's H-1B Visa Crackdown Could be Blessing in Disguise for India
ALSO READ: H-1B Visa Reform Bill Introduced in US House of Representatives
ALSO READ: India Says Conveyed Interests, Concerns to US
ALSO READ: Key Things to Know About H-1B Visas

Also Watch

Read full article
Loading...
Most Active
Company Price Change %Gain
Sun Pharma 623.50 +3.80 +0.61
Axis Bank 627.30 +3.85 +0.62
ICICI Bank 340.00 +5.70 +1.71
ITC 313.75 +6.30 +2.05
SBI 302.10 +9.40 +3.21
Company Price Change %Gain
RITES 310.00 +25.15 +8.83
Sun Pharma 623.30 +3.70 +0.60
Axis Bank 627.10 +3.25 +0.52
SBI 302.00 +9.30 +3.18
Tata Steel 580.60 +12.50 +2.20
Top Gainers
Company Price Change %Gain
Grasim 1,045.85 +46.40 +4.64
Yes Bank 393.20 +14.75 +3.90
Lupin 881.25 +31.50 +3.71
SBI 302.10 +9.40 +3.21
Vedanta 215.20 +6.40 +3.07
Company Price Change %Gain
Yes Bank 392.95 +14.25 +3.76
SBI 302.00 +9.30 +3.18
Vedanta 215.00 +6.45 +3.09
HUL 1,780.80 +45.60 +2.63
Tata Motors 257.35 +6.20 +2.47
Top Losers
Company Price Change %Gain
GAIL 387.70 -6.10 -1.55
Hero Motocorp 3,242.30 -40.35 -1.23
Eicher Motors 28,476.15 -327.70 -1.14
ONGC 163.05 -1.40 -0.85
Maruti Suzuki 9,152.10 -48.45 -0.53
Company Price Change %Gain
Hero Motocorp 3,248.60 -37.50 -1.14
ONGC 163.10 -1.00 -0.61
Maruti Suzuki 9,148.30 -53.65 -0.58
Coal India 281.20 -1.25 -0.44
HDFC 1,883.60 -7.30 -0.39
Loading...
Loading...