 "IT firm")
President Donald Trump’s proposed Bill on raising the minimum salaries of H1-B visa holders, if it goes through, is likely to raise the cost of Indian IT companies, which have so far built their business by focusing on the cost end of the spectrum.
The US accounts for nearly 60 per cent of the software export business for Indian players and the changes in the offing could make a big dent in their revenues. Although Indian software firms have onsite presence, their business model is skewed towards pushing work offshore where they can leverage the cost advantage to deliver value
