H-1B fee increase to slightly dent Indian IT profits; industry boosts offshore delivery: Crisil Intelligence
Crisil Intelligence reports that the US’s increased H-1B visa fees are projected to slightly decrease Indian IT firms’ operating margins by 0.20%. Companies are already shifting towards offshore delivery and local hiring in the US, mitigating the impact. While revenue growth is expected to moderate, the US remains a crucial market, contributing significantly to IT revenue and remittances.🕒 1 min read
Crisil Intelligence reports that the US’s increased H-1B visa fees are projected to slightly decrease Indian IT firms’ operating margins by 0.20%. Companies are already shifting towards offshore delivery and local hiring in the US, mitigating the impact. While revenue growth is expected to moderate, the US remains a crucial market, contributing significantly to IT revenue and remittances.
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