Courtesy: Gateway House
The September announcement from the White House that H-1B petitions would carry a fee of $100,000 per employee, hit India hard. India’s IT services companies are heavy users, capturing 71% of the 65,000 H1B visas issued annually. This shock move is a chance for Indian IT services companies to update their outsourcing model and invest at home, where their R&D-to-sales ratio remains abysmal.
Courtesy: U.S. Embassy New Delhi/ Flickr
The visit of U.S Secretary of State John Kerry should not be viewed as an avenue for India and U.S to dwell on the existing set of complaints. Rather, it should be seen as a time for both nations to affirm that they have a lot to learn from each other, notably in the banking, security and infrastructure areas