$100K H-1B visa fee: Why Indian IT sector may see minimal margin impact and more local hiring

The US President Donald Trump signed an executive order on September 19, raising the fee for new applications for H-1B visa from around $1,500 to $100,000. Brokrages believes that the impact will be limited as they will have to pay only once in six years. The brokerages also believes that Indian IT companies can mitigate this by higher near-shoring/off-shoring and/or hiring local talent