H-1B Fee Hike May Hit Indian IT Earnings

Brokerages estimate a 2-4% earnings impact on Indian IT firms due to the new $100,000 annual fee on fresh H-1B visas. The abrupt rollout may disrupt ongoing projects and increase operational costs. With Indians comprising 71% of H-1B holders, the move could significantly affect onshore deployment plans. Firms may revisit hiring, reshoring strategies.