The proposed increase in H-1B visa fees marks a significant shift in global workforce dynamics and policies affecting the IT sector. For India, this growth could act as a catalyst for “reverse brain drain,” encouraging skilled professionals abroad to return home and contribute locally.Furthermore, multinational companies may prioritize offshoring operations by expanding Global Capability Centers (GCCs) within India-a move likely driven by cost-efficiency considerations amidst higher onsite expenses.
While challenges mount for individual workers concerned about financial viability or job security in the U.S., India’s IT ecosystem may benefit through increased innovation capacities stemming from reshored talent. That said, transition periods will likely entail disruptions requiring careful industry adaptation globally. Nasscom’s comments underline an already ongoing trend of reduced reliance on visas through local hiring initiatives-signaling resilience within India’s technology services sector amid evolving international policy landscapes.
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