Why this matters for IndiansTech industry reactionsThe 'Gold Card' alternativeImmigration crackdown continuesIn a sweeping move that could reshape the US immigration landscape, President Donald Trump has signed a proclamation imposing a $100,000 fee on H-1B visas. The Republican President added that these funds will help reduce national debt and taxes.For India, the decision lands like a thunderclap. It may also force Indian companies to rethink their business models, potentially redirecting jobs back home or to cheaper overseas markets.As such, the US technology sector, a heavy user of H-1B visas, has been thrown into uncertainty. While Trump insists that “big tech loves the idea,” investors reacted nervously.Reuters reported that shares of IT services companies, including US-listed Indian firms, dropped between 2% and 5% following the announcement. Supporters, however, argue that it will prevent wage suppression and compel companies to invest in training American graduates instead.
