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Why India could lose its top spot in remittances to China in 2017

Why India could lose its top spot in remittances to China in 2017

Despite Indians employed overseas in the US in the IT industry keeping their fingers crossed, it seems unlikely that the US government will go back on their efforts to put stricter restrictions on H-1B visas. With the White House briefing last week quoting an official from the Trump administration targeting Indian IT companies by saying that Tata Consultancy Services (TCS) and Infosys had violated the H-1B visa lottery system currently.

This shows the frame of thought that the US government has currently. The US President Donald Trump has already signed the executive order on tighter restrictions for granting H-1B visa. And although he had said that he will review the H-1B visa order, it remains unlikely that many changes will be made to favor of Indians working in the US.

Even IT industry body Nasscom pointing out to the US government that only 6 of the top 20 H-1B recipients in FY15 were Indian companies will do little to help. Read more…

Why India could lose its top spot in remittances to China in 2017

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