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India could see a shift in foreign direct investment (FDI) trends in the second term of Donald Trump (Trump 2.0) as President of the United States, says a research report by the State Bank of India. The report highlighted that under his first term, Trump 1.0, the Trump administration made sweeping regulatory changes aimed at attracting investments back to the U.S., which impacted FDI inflows globally, including India. It added that if similar policies are reintroduced in Trump 2.0 also, it could create challenges for emerging markets like India, which rely on FDI as a significant driver of economic growth. Notably, a recent Kotak report highlighted that a complete Republican control over all arms of the US government would mean increased US earnings via corporate tax cuts, higher tariffs on imports into the US and greater US fiscal deficits. The first two could spell doom for emerging markets like India and China, since foreign investors will make a beeline for investing more money in the US markets, which will come at the cost of intense selloff in emerging markets. However, higher fiscal deficits will eventually lead to the dollar weakening after the initial euphoria dies down. "India may see shifts in foreign direct investments (FDIs) during Trump 2.0. The Trump 1.0 administration saw significant regulatory changes aimed at attracting investments back to the US," the SBI report stated. However, given that India has been gradually diversifying its sources of FDI (foreign direct investments), this trend could serve as a buffer against any potential decline. Moreover, domestic institutional investors have been stepping up big time, maintaining some balance to the massive exodus of FIIs over the past month. So far in November 2024, FIIs have withdrawn Rs 19,849 crores from the cash segment in Indian markets, while DIIs have poured in Rs 14,014.18 crores as of November 10th, 2024. "India is no longer dependent on the traditional sources of FDI inflows... unlike the recent past, FDI is now coming in many new sectors," noted the SBI report. Unlike a decade ago, when most FDI inflows came from a limited number of traditional sectors, India is now attracting investment in a wide array of industries, including renewable energy, sea transport, medical devices, and surgical appliances. Data suggests over the last 24 years, i.e., between April 2000 and June 2024, FDIs have poured in $1,013.4 billion in the Indian economy. Out of this, 67%, i.e., $689.88 billion, has come in just the last 10 years. The report added there are up to 12 emerging sectors showing strong FDI interest, which could help offset any loss of inflows in conventional sectors if there is a shift in global investment patterns under another Trump administration. In the last financial year, the top 5 sectors that have received the highest quantum of FDI inflow include the services sector (finance, banking, insurance, and business) which makes up about 16% of the inflows. This is followed computer software &amp; hardware, which constitute around 15% of total FDI flows. Trading and telecommunications follows with a share of 6% each, and Automobile Industry comes next with a 5% share. In the short term, the potential for increased U.S. tariffs, more restrictive H-1B visa policies, and a stronger dollar could bring some volatility to India's trade and investment landscape. However, in the long term, these challenges might also encourage India to expand its manufacturing capabilities, diversify export markets, and focus on becoming economically more self-reliant. Notably, India has maintained a merchandise trade surplus with the U.S. despite tariffs imposed during Trump's first term. This indicates that Indian exports have remained resilient, and there is potential to strengthen this trade relationship further by capitalizing on emerging sectors and reducing dependency on traditional industries. Suman Chowdhury, Executive Director &amp; Chief Economist, Acuité Ratings &amp; Research Limited cautions that in the medium to long term, the trade relationship with the US may see a structural improvement. "Higher tariff and trade restrictions in the US with China should translate into better opportunities for exports of manufactured goods from India", he adds.

FDIs may shift to US under Trump 2.0 but it is unlikely to severely impact FDIs inflow to India, says SBI Report

US presidential candidate <keyword id="19918985" type="General" weightage="20" keywordseo="Donald-Trump" source="keywords">Donald Trump</keyword> has gone from suggesting that immigrants were poisoning the blood of the country to saying that he would welcome immigrants from “nice” countries like Denmark, Switzerland and Norway to his most recent plans of automatically granting green cards to <keyword id="22128571" type="General" weightage="20" keywordseo="foreign-graduates" source="keywords">foreign graduates</keyword> of US colleges in a rather short duration of time. Feeling a little whiplashed, anyone? Securing a green card in the US is a Herculean task whose difficulty is probably comparable to capturing and bringing back Cerberus. And this legal permanent residence, which can sometimes take decades, is only the first step to becoming a US citizen. Many Indians have tried, whether it’s through residing and working for decades, navigating rather lengthy paperwork or marrying someone who is already a US citizen. Sadly, many have failed too. However, should Donald Trump become the President of the United States again (and decide to keep his word), Indian students might actually have an easier time getting a green card. In a surprising shift from his previous stance on immigration, former President Donald Trump has unveiled a bold plan to automatically grant green cards to foreign graduates of US colleges if re-elected. This announcement, made during a podcast interview with Silicon Valley investors, marks a departure from Trump's traditionally tough rhetoric on immigration. During the podcast hosted by Chamath Palihapitiya and others, Trump expressed his commitment to retaining talent educated in American universities. He argued passionately for granting green cards as a standard benefit for graduates, regardless of the institution they attended. Trump emphasised that this policy should encompass graduates from renowned institutions like Harvard and MIT as well as from junior colleges across the country. “It’s so sad when we lose people from Harvard, MIT, the greatest schools, and lesser schools that are phenomenal schools also,” Trump lamented on the All-In Podcast. “I think you should get, automatically, as part of your diploma, a green card to be able to stay in this country and that includes junior colleges, too.” A green card affords its holder permanent residency rights in the United States and represents a crucial step towards citizenship. Trump's proposal, if enacted, could potentially introduce hundreds of thousands of new applicants for citizenship annually. Adding to the exodus of Indians who have already migrated to the US, over 200,000 Indian nationals are enrolled in institutes across the US in 2024, setting a new record. In fact, the significant surge in Indian students seeking education in the country between 2022-23 represented an unprecedented 35% increase from the year before that. The former US president specifically mentioned India and China, highlighting how talented individuals were unable to stay in the US because of current <keyword id="22151110" type="General" weightage="20" keywordseo="visa-policies" source="keywords">visa policies</keyword>. We can see how this may show him in a favourable light for green card aspirants. And while we’re not one to look a gift horse in the mouth, it is important to remember that Trump has made his discriminatory nature very public in several instances. Immigration has been a hot topic in the US political arena for decades. However, in recent years, the political right and others have been more divided than ever on this issue. Republicans have been calling for stringent immigration policies and strict border protections. Therefore, even if Trump does deliver what he promises, the packaging will most likely have fine print that might continue to make it difficult for students to attain green cards. In fact, the presidential candidate’s campaign press secretary, Karoline Leavitt, has already clarified that Trump's proposal would only apply to thoroughly vetted college graduates who can “make significant contributions” to America and would not undercut American wages or workers. She emphasised that Trump has outlined the most aggressive vetting process in US history to exclude "all communists, radical Islamists, Hamas supporters, America haters and public charges." Anyhow, Trump’s proposal starkly contrasts with Trump's previous hardline stance on immigration, which had been a cornerstone of his political platform. During his presidency, Trump advocated for stringent immigration policies, including the largest deportation campaign in US history, aimed at undocumented migrants, and building a wall on the southern borders of the country. Trump intensified restrictions on legal immigration amid the pandemic and his final year in office. He proposed halting all immigration to the US and deporting foreign students who didn't attend some in-person classes. A month before the 2020 election, Trump once more moved to tighten regulations on the <keyword id="20773661" type="General" weightage="20" keywordseo="H-1B-visa" source="keywords">H-1B visa</keyword> program. He has also criticised the H-1B visa program, which tech companies favour for hiring foreign skilled workers, as detrimental to American prosperity. The H-1B visa is a non-immigrant visa allowing US firms to employ foreigners in specialised occupations requiring theoretical or technical expertise. At a recent campaign event in Wisconsin, Trump criticised Biden's immigration policies, particularly lambasting a new program allowing undocumented spouses of US citizens to apply for permanent residence without leaving the country. Trump characterised immigration under Biden as an "invasion" and argued against discussing amnesty, urging instead for measures to halt what he perceives as an influx of unauthorised migrants. Estimates from the Department of Homeland Security suggest that approximately 11 million migrants currently reside in the US without authorization, a statistic that has been central to Trump's arguments against leniency in immigration policy.

Donald Trump strikes again: Ex-President proposes automatic green cards for foreign graduates of US colleges

<ul class="summary-list"><li>Andres Pico, a software engineer from Ecuador, navigated the US education system to land a job at Microsoft.</li><li>Pico faced challenges adapting to US standardized tests and sought scholarships to fund his education.</li></ul>This as-told-to essay is based on a conversation with Andres Pico, a 29-year-old software engineer in Seattle. The following has been edited for length and clarity.I grew up in a small beach town called Manta in Ecuador with my dad, mom, and two sisters. My dad always taught me that there was nothing I couldn't do.I became interested in computers and technology because of <a target="_blank" class="" href="https://www.businessinsider.com/guides/tech/playstation-plus">PlayStation</a>. Sometimes, I couldn't finish a game because the dialogue and options were in English, so I became very motivated to learn computers and English.<h2 id="aea16f41-f4aa-4e6e-926f-62684543751d">After graduating from high school, I decided I wanted to pursue my education in the US</h2>To apply to a university in the US, you must pass either the <a target="_blank" class="" href="https://www.businessinsider.com/do-colleges-require-standardized-testing-sat-admissions-what-it-means-2024-3">SAT or ACT</a>. I bought an ACT book and prepared for many months to ensure I could get a good score.I knew I couldn't attend college in the US without a scholarship, so I began investigating scholarships and programs. I found the University of South Florida in Tampa offered a scholarship for students from Latin American countries that would get me a student visa.I was awarded the scholarship, which allowed me to receive a stipend of $1,000 a year to cover textbooks and resident status for tuition purposes.<h2 id="1ea4606f-8ed1-484d-bf1a-b39e05b12a66">I began a bachelor's degree in computer engineering in 2012</h2><a target="_blank" class="" href="https://www.businessinsider.com/us-and-uk-life-biggest-differences-after-moving-home-space-2024-7">Coming to the US</a> at 17 was very challenging. It was my first time leaving home, and there was a lot I didn't understand about the US. I had no close friends or family here for support or guidance.It was also very exciting, as it was an opportunity to push myself. It took some time to get used to classes in English. I studied hard from 8 a.m. to 11 p.m. every day.<h2 id="d640f046-61e6-4e77-9c39-669f1b3f751d">In my second semester, I found the Society of Hispanic Professional Engineers</h2>The SHPE is a national organization that empowers Hispanics and offers mentorship programs in STEM. Classmates told me they offered free pizza. I'm really glad I was feeling hungry that day.They were welcoming and taught me the basics of the school system, how to <a target="_blank" class="" href="https://www.businessinsider.com/why-this-is-an-excellent-resume-2013-11">create a résumé</a>, conduct interviews, and apply to grad school. It was a blessing to find them — suddenly, I had a community of people who wanted to help me succeed.<h2 id="e2632ea8-177e-49a0-b62a-e961cc3cb10a">A fellow student advised me to get as many internships as possible</h2>That was the best advice I received for navigating the US system. If I had just focused on the school material and not gained practical experience, I'm not sure I would've been able to find a job after graduating.I had multiple internships as a <a target="_blank" class="" href="https://www.businessinsider.com/recruiter-how-filter-applications-software-engineering-job-post-atl-interview-2024-5">software engineer</a> with local companies in data centers and startups via student work permits. These internships allowed me to gain experience and earn some money.I was extremely fortunate to count on my dad's support to cover any difference between my earnings and expenses.<h2 id="f9d3935c-b09d-48b2-9bb8-dfcaa291a51f">I went on to pursue a master's degree in computer science at Virginia Tech</h2>I sought universities with good computer science programs and scholarships or assistantships. Virginia Tech had an amazing program and great tenured professors, and it offered me an opportunity as a TA, so the decision was obvious.My teaching assistantship paid for all my tuition and also paid me around $20,000 each semester.<h2 id="c9fdec8c-c770-4f06-a7af-8a6bb5f26c51">I started applying for jobs in 2017</h2>I must've applied for over 100 of them. When you apply, employers ask you if they'll need to sponsor you at some point in the future, as not every employer can cover the financial costs associated with the process when the time comes.I received four offers from Microsoft, Verizon, Deutsche Bank, and Disney. Microsoft had the best offer and was willing to sponsor my visa.<h2 id="a93721cf-c9e0-46f2-bd96-3071c98b4800">I started as a software engineer with Microsoft in 2018</h2>When I started my job at Microsoft in Seattle, I could work thanks to a student work permit that lasts one year after graduation and is granted to all F-1 visa students. While working on the student permit, your employer helps you apply for an <a target="_blank" class="" href="https://www.businessinsider.com/h1b-visa-lottery-changes-benefit-startups-hiring-immigrants-2024-2">H-1B</a> visa.I applied for a <a target="_blank" class="" href="https://www.businessinsider.com/big-tech-green-card-applications-pause-2024-5">green card</a> after working on my H-1B visa for a year. By this point, I had lived in the US for about six years and created a whole life here, but the green card process was very painful.<h2 id="a2b4001a-c572-41e4-89cb-053b4e3c883a">The process makes life pretty horrible</h2>Having a work visa and going through the green card process are privileges, but it is very hard to separate the emotional component.There's no guarantee that you'll get to stay. If something goes wrong at any given time, you have to be ready to pack your bags and leave everything behind. I know some people who tried to get it three times and ran out of chances and had to return home.The first few years working were also difficult because I wasn't around anyone who looked like me. I wanted to grow and challenge myself, but at the same time, it made me wonder if I belonged, and doubt and <a target="_blank" class="" href="https://www.businessinsider.com/managing-imposter-syndrome-when-you-are-the-boss-2021-10">imposter syndrome</a> crept in.Luckily, Microsoft paid for the attorneys in the green card process, and no cost came out of my pocket.<h2 id="1eb526a5-91be-4063-bec1-58a529e97297">I had to constantly review what they were putting on the application forms</h2>My key takeaway is that, even if you're working with lawyers, you still have to assume complete ownership of the application process and remember the lawyers supporting you, being human, can make mistakes.I was audited because some of the information that had been submitted was incorrect. It took me six to eight months to provide supplemental information and pass the audit.In 2022, I finally received my green card after three years.<h2 id="bd375841-9305-458d-bfb3-92ac255d1675">Last year, I decided to move into product management and took a new job at Starbucks</h2>In software engineering, you work on problems created by engineers for engineers. I wanted to learn how to build products that our customers actually love, so I ended up becoming a technical product manager.I love the US, I love the city I live in, and I love its people. I try to make it a better place by providing value through my career and volunteering in my local community.I even recently <a target="_blank" class="" href="https://www.businessinsider.com/millennial-couple-left-nyc-bought-vermont-house-slow-life-2024-9">bought a house</a> here — I don't have plans to move anywhere else.Want to share your story? Email Lauryn Haas at lhaas@businessinsider.com.

I got my green card after working at Microsoft on an H-1B visa. The process was very painful, but I love the US and don't plan to leave.

<ul class="summary-list"><li>The H-1B visa program is undergoing changes.</li><li>Under the new process, all individuals have the same chance of being selected in the lottery.</li></ul>A new reform to the US H-1B visa program aims to ring out some of the uncertainty for migrant workers and employers.The US Citizenship and Immigration Services recently <a target="_blank" href="https://www.uscis.gov/newsroom/news-releases/uscis-announces-strengthened-integrity-measures-for-h-1b-program">said</a> it finalized measures to make sure each applicant has the same chance of being selected for the H1-B visa program, the nation's largest temporary work visa program with over 600,000 workers across 50,000 employers.Each year, tens of thousands of foreign nationals wind up at venture-backed companies through the employment-based visa program. Tech companies like Stripe, Plaid, and X, formerly known as Twitter,<a target="_blank" href="https://www.businessinsider.com/us-startups-sponsor-h1b-work-visas-2024-1"> use the H-1B visa to fill labor shortages</a> for jobs that require a college degree, by providing work authorization for migrant workers in fields like engineering, business admin, and mathematics.However, obtaining an H-1B visa remains challenging due to high demand. The program gets more interest than it can meet — with the number of yearly visas <a target="_blank" href="https://www.businessinsider.in/international/news/us-reaches-h-1b-cap-for-fiscal-year-2024/articleshow/106011187.cms">capped at 85,000</a> — so the government uses a lottery process to decide who comes in.The lottery has had a loophole that some have abused in past years to try to game the system. Nothing in the law had prohibited an individual from having multiple entries in the lottery if they can secure multiple job offers, said Jason Finkelman, an Austin<a target="_blank" href="https://www.businessinsider.com/immigration-attorneys-lawyers-helping-startups-founders-entrepreneurs-secure-work-visas-2021-8"> immigration lawyer</a> who specializes in work visas. In theory, having more registrations in the lottery gave migrant workers more chances to win a coveted visa.Last year, the number of registrations filed on behalf of foreign nationals jumped to 780,000, a 61% increase over the previous year.<a target="_blank" href="https://www.uscis.gov/working-in-the-united-states/temporary-workers/h-1b-specialty-occupations-and-fashion-models/h-1b-electronic-registration-process"> Data shows</a> much of the increase was due to a record-breaking number of employers submitting multiple H-1B registrations for the same person. They might have set up unique corporate structures or banded with other companies to try and get around the rules."This led to many individuals being entered into the lottery multiple times, through different companies, and ultimately decreasing the odds of being selected in the lottery," Finkelman said.The new regulations aim to curtail this sort of behavior. Registrations will now be selected from a pool of unique individuals rather than the total number of entries. A <a target="_blank" href="https://www.businessinsider.com/hardest-software-engineering-interviews-ranked-2023-12">software engineer</a> in Hyderabad with one job offer has the same odds of being selected as the researcher in Beijing with a binder full of offers. USCIS said the new process takes effect in the lottery in April.These changes are good news for startups and small businesses, says <a target="_blank" href="https://www.businessinsider.com/h1b-visa-lottery-system-alternative-options-sponsorship-2021-2">Sophie Alcorn, an immigration lawyer based in Silicon Valley</a>. The reform makes it less attractive for applicants to secure multiple job offers, which should drive down the overall number of registrations. This improves the odds for startups that their applicant gets selected in the lottery."For a startup that's willing to sponsor, there's a higher likelihood that [an applicant] will go to work for that company that's willing to sponsor them," Alcorn said. "There's more predictability."Even before the reform, Finkelman said he saw inquiries from startups tick up because of the proposed changes."We're seeing increased interest from startups, which are in desperate need of top talent and which oftentimes require visa sponsorship [to fill roles], to enter candidates into the lottery," Finkelman said. "They see the playing field will be evened out."

Uncle Sam just overhauled the H-1B visa lottery, and that's good news for startups

The <keyword id="6354458" type="General" weightage="20" keywordseo="us" source="Orion">US</keyword> risks losing talented foreigners, particularly those married to other skilled professionals, to <keyword id="6356687" type="General" weightage="100" keywordseo="canada" source="Orion">Canada</keyword>, which grants work authorisation to spouses of all skilled foreign workers, says a new study. But granting employment authorisation to all spouses of <keyword id="6358066" type="General" weightage="20" keywordseo="H-1B-visa" source="Orion">H-1B visa</keyword> holders would encourage more skilled migrants, including Indians, to choose the US over Canada, the study by National Foundation for American Policy revealed. "The US can reap significant economic benefits, ease labour shortages, and attract more workers in the global competition for talent if it expanded current rules on work eligibility for the spouses of H-1B visa holders," the study, authored by Madeline Zavodny, said. The number of Indians who became permanent residents in Canada increased by over 115 per cent between 2016 and 2020 and 2021. In 2015, then President <keyword id="15962" type="General" weightage="80" keywordseo="barack-obama" source="Orion">Barack Obama</keyword> allowed the spouses of H-1B visa holders to work in the US via the H4 (dependent) visa. H4 visas are issued to dependent spouses and children who accompany H-1B, H-2A, H-2B, and H-3 visa holders to the US. The spouses of H-1B visa holders tend to be highly educated, many of them in STEM fields, and previously had careers of their own or worked to support their families. "Allowing the spouses of H-1B visa holders to work upon arrival would help recruit and retain skilled workers and increase the already-considerable economic benefits of the H-1B visa category," Zavodny said. She estimates that almost 90 per cent of the spouses of H-1B visa holders have at least a bachelor's degree, and over half have a graduate degree, based on American Community Survey data (2017-2019). Out of these 90 per cent of spouses, two-thirds are from India and 6 per cent are from China. "Almost half of spouses of likely H-1B visa holders who have a bachelor's degree had a STEM-related major. Among spouses of likely H-1B visa holders who are employed, 42 per cent are working in a STEM field," she noted. The Department of Homeland Security (DHS) regulation published in 2015 allows spouses who hold an H4 visa to apply for an Employment Authorization Document (EAD). Currently, H4 spouses can only apply for an EAD after their H-1B spouse is in the queue for a permanent visa. That typically does not occur until the H-1B has worked in the US for several years; indeed, some spouses may apply only after their H-1B spouse has worked in the US for at least six years. The H4 visa holder must be selected in the H-1B lottery, which only occurs once a year and has low odds of success. Long delays in processing H4 EADs have plagued the US Citizenship and Immigration Services (USCIS) and the spouses who need the approval to work. Spouses of workers who hold an L-1 intracompany transferee visa, an E-1 treaty trader, an E-2 treaty investor, or E-3 specialty occupation worker from Australia visa are allowed to work. Spouses of these visa holders are "considered employment authorised incident to status", that is, their visa allows them to work and they do not need to apply separately for an EAD. Since mid-2015, some 171,000 H-4 visa holders have been approved for employment authorisation, a significant portion of whom are from India. In fiscal 2021, Indians bagged the highest number of H1B visas i.e., over 74 per cent of the allotments. Out of 4.07 lakh H1-B visas approved by the USCIS, 3.01 lakh were allotted to Indians whereas, 50,000 Chinese received the visas. Research shows that the H-1B visa category bumps up economic growth, creates jobs for American workers, and slows offshoring of high-paid jobs. "If allowed to work, these spouses would make considerable contributions to the US labour market as most of them would enter occupations with very low unemployment rates and high job vacancy rates," says Zavodny. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/september-earnings-on-track-but-its-time-to-tone-down-optimism-says-kotak-institutional-equities/articleshow/95272073.cms">September earnings on track, but it’s time to tone down optimism says Kotak Institutional Equities</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-ideas-q2-loss-widens-to-7596-crore/articleshow/95282354.cms">Vodafone Idea’s Q2 loss widens to ₹7,596 crore</a> <a href="https://www.businessinsider.in/business/corporates/news/hdfc-reports-18-year-on-year-rise-in-q2-net-profit-to-4454-crore/articleshow/95279744.cms">HDFC reports 18% year-on-year rise in Q2 net profit to ₹4,454 crore</a>

US risks losing skilled professional H-1B visa holders to Canada

The US has received sufficient number of applications needed to reach the <keyword id="10784391" type="General" weightage="80" keywordseo="congressionally" source="Orion">Congressionally</keyword> mandated 65,000 H1-B <keyword id="6359421" type="General" weightage="20" keywordseo="visa" source="Orion">visa</keyword> cap for the fiscal year 2023, the country's federal agency for immigration services said on Tuesday. The <keyword id="6358066" type="General" weightage="20" keywordseo="h-1b-visa" source="Orion">H-1B visa</keyword> is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire thousands of employees each year from countries like <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> and China. The H-1B visa programme is the most sought-after work visa among foreign professionals, including Indians. We have received a sufficient number of petitions needed to reach the Congressionally mandated 65,000 H-1B visa regular cap and the 20,000 H-1B visa US advanced degree exemption, known as the master's cap, for fiscal year 2023, the <keyword id="368921" type="General" weightage="50" keywordseo="us-citizenship-and-immigration-services" source="Orion">US Citizenship and Immigration Services</keyword> (<keyword id="137642" type="General" weightage="80" keywordseo="uscis" source="Orion">USCIS</keyword>) said in a statement. USCIS has completed sending non-selection notifications to registrants' online accounts. The status for registrations properly submitted for the FY 2023 H-1B numerical allocations, but that were not selected, will now show, Not Selected: Not selected not eligible to file an H-1B cap petition based on this registration, it said. Meanwhile, the federal agency will continue to accept and process petitions that are otherwise exempt from the cap, it said. Petitions filed for current H-1B workers who have been counted previously against the cap, and who still retain their cap number, are exempt from the FY 2023 H-1B cap, it said. However, USCIS will continue to accept and process petitions filed to extend the amount of time a current H-1B worker may remain in the US, change the terms of employment for current H-1B workers, allow current H-1B workers to change employers, and allow current H-1B workers to work concurrently in additional H-1B positions, it added. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/10000-investment-in-gensol-engineering-ev-stock-gave-2-77-lakh-return-in-a-year/articleshow/93740070.cms">This EV firm rose 2600% in a year: ₹10,000 invested in this stock a year ago is worth ₹2.77 lakh</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dreamfolks-services-ipo-opens-today-check-out-important-details-related-to-the-ipo/articleshow/93740178.cms">DreamFolks Services IPO opens today — Check out important details related to the IPO</a>

US has reached the H-1B visa limit for the financial year of 2023

<ul><li>A US district court has struck down the proposed changes to H-1B visa regulations put forward by <keyword id="15548" type="POSITION" weightage="20" keywordseo="US-President">US President</keyword> <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> earlier this year.</li><li>The judge ruled that Trump did not have a ‘good cause’ to bypass standard rules and ‘fast track’ the changes. </li><li>This means the wage hikes that came into play on October 8 will no longer apply, and the change in eligibility criteria won’t kick in on December 7.</li></ul>A US district court has struck down the proposed changes to H-1B visa rules proposed by the Trump administration. According to the court, the government failed to show a ‘good cause’ to do away with the Administrative Procedure Act’s (APA’s) notice and comment requirements. <div type="Article" hostid="261" msid="78531040" title="New H-1B visa rules make it more expensive and harder to hire workers from India — but they may not hold ground" mstype="2" mssubtype="0"></div> This doesn’t mean that the court objects to the new rules directly, but it objects to how US President Donald Trump tried to get them passed using an executive order. The ‘fast track’ route implements the changes to regulation without public comment. On the other hand, the standard procedure invites suggestions and concerns, considers them and then releases a fresh draft. The process can take many months, and many rounds of talks before any new rules come into play. What does this mean for Indians? The US court’s ruling essentially undoes the changes proposed by the Trump administration. The Department of Labour rule, which came into effect on October 8, hiking wages by 40% to 100% for H-1B visa holders and green card applicants, will no longer apply. This would have made H-1B applicants more expensive to hire. <div type="Article" hostid="261" msid="77120776" title="The H1-B visa ban is not what Indian IT firms want⁠— but they are pocketing some savings while it lasts" mstype="2" mssubtype="0"></div> The second rule under the Department of Homeland Security, which revised eligibility norms, would have led to a spike in the rejection rate. The new rule also curtailed the tenure of the visa to one year, instead of the usual five or ten years. It was supposed to come into effect on December 7 — this is no longer the case. For India, which makes up for the bulk of the H-1B visas issues, this spells good news. The doors are now open for those looking to renew their visas and also for those aspiring to get a job in the country. This holds especially true for those working within Indian IT companies. The likes of Tata Consultancy Services (TCS), HCL Technologies, Infosys and others did not see foresee short terms challenges, but did agree that the new rules prove to be an obstacle in the long run. They have already doubled down on localising their workforce in the US and some are also looking at near sho <div type="Article" hostid="261" msid="78760336" title="US Chambers of Commerce, NAM and others file lawsuit against latest H1B regulations" mstype="2" mssubtype="0"></div> The lawsuit win comes after Silicon Valley big-wigs Apple, <keyword id="6355629" type="DEFINITION" weightage="20" keywordseo="google">Google</keyword>, Microsoft, <keyword id="6354616" type="UNKNOWN" weightage="20" keywordseo="Twitter">Twitter</keyword>, LinkedIn, and others stepped in to lend their support for the cause. The H-1B visa is often referred to as the coveted visa for the tech industry in the US since they tend to hire many engineers from outside the country. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/fortnites-biggest-ever-event-saw-15-million-players-3-million-viewers-and-took-twitch-down/articleshow/79523514.cms">Fortnite's biggest ever event saw 15 million players, 3 million viewers and took Twitch down</a> <a href="https://www.businessinsider.in/science/health/news/pfizer-covid-19-vaccine-can-survive-in-fridge-for-five-days-claims-company/articleshow/79526886.cms">Pfizer claims its newly approved COVID-19 vaccine can survive without sub-zero temperatures for five days</a> <a href="https://www.businessinsider.in/tech/apps/news/google-maps-has-a-new-community-feed-which-looks-a-lot-like-yelp-or-tripadvisor-on-steroids/articleshow/79525031.cms">Google Maps has a new 'community feed', which looks a lot like Yelp or TripAdvisor on steroids</a>

You Searched For "h1b visa impact on indian companies" and got 7 results

FDIs may shift to US under Trump 2.0 but it is unlikely to severely impact FDIs inflow to India, says SBI Report

Ira Alok Puranik

Donald Trump strikes again: Ex-President proposes automatic green cards for foreign graduates of US colleges

Ashmita Gupta

I got my green card after working at Microsoft on an H-1B visa. The process was very painful, but I love the US and don't plan to leave.

Elle Hardy

Uncle Sam just overhauled the H-1B visa lottery, and that's good news for startups

Melia Russell

US risks losing skilled professional H-1B visa holders to Canada

IANS

US has reached the H-1B visa limit for the financial year of 2023

PTI

Trump's H-1B visa restrictions scrapped by US court spells good news for Indian and American IT companies alike

Prabhjote Gill

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