India’s share in H1-B visas hit a decade’s low last year

The data obtained from the US Consulate Office showed that in 2024 (October-September), 68.6% of the 219.659 H-1B visa was given their lowest shares in 2024 (October-September).

According to a note made by Morgan Stanley on September 21 in 2024, the Indians received 150,647 H-1B visa and 18,578 L-1 visa in September 2024 and formed 68.6% and 25.9% of these working visas.

A Mint The analysis shows that the percentage of H-1B visas obtained by Indians is the lowest since 2014, whereas the last financial year, the Indians, who took the last financial year, are at the lowest level of five years.

H-1B visas allow high-skilled immigrants to work temporarily in the US and are valid for three years with a renewal option for up to six years. The L-1 category is designed for management and employees with “specialized information ve and are valid for five seven years.

Last year, the United States issued a total of 291,458 H-1B and L-1 category visas and 58.1% went to the Indians and marked the lowest share in business visas since Trump’s first office in January 2017.

The figures reflect a change in strategy for Indian companies. “Indian and Indian-based companies operating in the USA for years have significantly reduced their dependence on H-1B visas and continuously increased their local recruitment,” Nasscom said last week. He said.

On September 19, Trump signed a executive order that requires companies to pay $ 100,000 per year for each new foreign workers at the scope of H-1B visa from approximately $ 1,000. The White House later announced that this one -time fee will only be valid for new applications.

Trump management, introducing the visa fee, said the use of H-1B visas is used. “The non-immigrant visa program was created to bring temporary workers to the United States to contribute, to make high-skilled functions, but it was deliberately exploited to read lower-paid, lower vasal American workers.

HomeGrown IT Outdoor sources are users of the program because they send workers to their customer locations through these visas. However, a tiny part of the total labor force is a recipient of such visas and these companies have increased their recruitment in the United States.

The statement of the industrial establishment on September 22, “the best 10 India and India-based company H-1B workers are less than 1% of all employee bases. Considering this orbit, we expect only a marginal effect for the sector,” he said.

Tata Consultancy Services Ltd, InfoS LTD and HCL Technologies LTD, including Tata Consultancy Services Ltd, employ 30,000 to 620,000 people, each of which employs 30,000 to 620,000 people each.

From now on, analysts see the impact of visa fees on Indian companies as negligible in the near term. “The new developments around Prima Facie, H-1B visas seem negative, but we see a minimal close impact,” he said.

However, investors do not take their hearts of such views, and the country’s largest ten IT service company has reduced approximately 8% of its market value throughout the week.

Some analysts believe that external users can try to re-place their employees with H-1B visa. Keith Bachman, an analyst at BMO Capital Markets, believes that “(W) ET IT services companies will work with customers to carry H1-B workers in the United States to other geographies, including India or Canada if they stay in active projects.” “Therefore, we think that this would be a difficulty to work on all IT Services providers.”

Bachman added that the effect may not be felt evenly. “For account, as the administration points out, in our belief, less important than Indian providers. We believe that the H1-B visa mixture for Indian providers is closer to 25% of the US labor force …”