US Visa Fee Hike Impacts Midcap IT Less Than Feared

Imagine the US government made it much more expensive for companies to bring workers from other countries using a special visa called H-1B.

Many big tech companies that do work for US clients were worried this would cost them a lot of money.

However, smaller and mid-sized tech companies in India, like Tech Mahindra, found they weren't using many of these H-1B visas anyway.

They already had many of their workers in India or in nearby countries like Canada.

So, for them, the big change in visa costs wasn't a major problem.

Larger Indian tech companies had already started reducing their reliance on H-1B visas years ago because it was already getting difficult.

They are now hiring more people locally in the US or in places closer to the US.

This means while the H-1B visa cost went up, it mainly affects companies that heavily relied on that specific visa, not so much these Indian IT firms.