US H-1B visa move to impact Indian IT cos’ profit margins by only 0.20%: Crisil Intelligence
US President Donald Trump’s move to levy higher fees for granting the H-1B visas will impact Indian IT majors’ profit margins by only 0.20%, an arm of a domestic rating agency said on Thursday.
This is because the reliance of IT companies on H-1B visas has been reducing since 2018, when the denial rates for the visa applications increased to 24%, Crisil Intelligence said.
