Wall Street Expands India Hiring Amid US H-1B Visa Restrictions

Imagine the U.S. has a special program called H-1B visas that lets companies hire skilled workers from other countries.

Recently, the U.S. made this program more expensive and harder to use.

Because of this, big American banks like JPMorgan and Goldman Sachs are now hiring more people in India, in cities like Bengaluru and Mumbai.

These banks used to hire many skilled workers in the U.S., but now it costs too much.

So, they are moving some of these important finance jobs, like checking loans and managing investments, to India.

Experts say India has a lot of talented people who can do these complex jobs.

While the U.S. government says this is good because it protects American jobs, President Trump himself has mentioned that the U.S. sometimes needs people with very special skills that aren't easy to find in the country.

These banks are also saving money by hiring in India, where salaries are lower than in the U.S. India's role in global finance is growing, with many jobs expected to be created there in the coming years.