On visa rules Posing Challenge to Indian IT company

A globalising world enabled the astonishing rise of India’s information technology industry over the last couple of decades. The IT sector not only pulled up the GDP but also came to symbolise young India’s aspirations. With the world now bending towards protectionism, it faces a challenge to its talent-centric, software export model. globalising world enabled the spectacular rise of India’s information technology industry over the last couple of decades. The IT sector not only pulled up the GDP but also came to symbolise young India’s aspirations. With the world now bending towards protectionism, it faces a challenge to its talent-centric, software export model. President Trump signed the ‘Buy American, Hire American’ executive order last week, seeking to raise the bar for the award of H-1B visas, an important route for Indian companies, so that they are given to the “most-skilled or highest-paid” beneficiaries.

It is a challenging time for the industry – with slowing business growth, a strengthening rupee, not to speak of the difficult transition from a traditional model that was based on making money .