Indian analysts project tough times for aspirants.
Indian analysts don’t hold out much hope about the future of the H-1B visa in the light of President Donald Trumpâ€™s proposed changes to the US immigration rules.
The information technology sector in the United StatesÂ employs a significant number of Indian professionals. If these professionals and students, who enroll in US schools, alter their plans because of the changes in H-1B visa rules, then the US might have a lot more to lose, they predict.
In such a scenario, the US market will cease to become a magnet forÂ talent from India and other countries.
â€œGiven that there arenâ€™t enough people with the qualification to fill these jobs, two things can happen â€“ these jobs can remain unfilled or companies can ship these jobs overseas. Neither is a good thing for the US,â€ R. Chandrashekhar, PresidentÂ of the National Association of Software and Services Companies, told AFP.
According to NASSCOM, almost four million people are employed in Indiaâ€™s IT outsourcing industry. And, the net worth of the industry is a whopping $108 billion.
â€œItâ€™s a myth that these workers replace American workers,â€ Chandrashekhar said.
DD Mishra, an analyst at technology research company Gartner, told AFP that Indian IT firms may start focusing on Asia-Pacific and expand their businesses there, instead of US.
â€œIt is unfortunate that we are talking about protectionism and creating artificial trade barriers in the age of globalization,â€ Tech Mahindra CEO CP Gurnani told the news agency.
â€œ(Any) restrictions is always a concern and we hope that the Trump administration will take into consideration all factors, before making any decision,â€ Gurnani added.
Some analysts have said that the ongoing visa changes might lead to a rift in diplomatic relations, too, between India and the United States.