Trump administration proposes weighted H-1B visa selection, replacing lottery with wage-based tiers; move could hit Indian IT firms while favoring high-skilled, high-paid roles in US tech
"That caught everyone off guard," Dimon said in a CNBC-TV18 interview. "And so we had a lot of phone calls over the weekend. What does it mean?"
The move aims to protect American workers from unfair wage competition, the note said
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Former US Ambassador to New Delhi Tim Roemer's remarks came days after Trump's overhaul of the H-1B visa programme to widen his administration's crackdown on immigrants
The Indian IT industry, which earns over 60% of its revenues from the U.S., has already been reducing dependence on H-1Bs over the past decade
The companies had discussions with the government after the US administration announced a sharp hike in H-1B visa fees to a staggering $100,000
If H-1B visas become harder to secure, the OPT period risks being viewed as a temporary stopgap rather than a pathway to stable employment
Trump's $100,000 H-1B visa fee sparks panic among Indian doctors, nurses and IT firms, though exemptions for healthcare may soften the blow
Trump has launched a new $1-5 million "Gold Card" visa scheme, but immigration experts warn it may face court challenges and restrict US residency to only the ultra-wealthy
Speaking at an event in New Delhi, Sanjeev Sanyal today questioned why IT firms in India send people to the US, noting their work does not require physical relocation
The potential dent in remittances could put further pressure on the rupee, which has already been among Asia's worst performers
Britain is considering waiving fees for its Global Talent visa while the US introduces a steep $100,000 charge for new H-1B applications
Nasscom further said that with the fee being applicable from 2026 onward, companies have time to further expand skilling programs in the US and enhance local hiring
Indians account for more than 70 per cent of all H-1B visas. A steep $100,000 entry fee, paid by employers, for every worker entering the US under the programme will effectively gut it