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Tough Situation for H1B visa for Indians

Indian tech stocks tanked on news of new United States legislation that seeks to double the minimum salary of H-1B visa holders, making  it difficult for the firms to replace the  American employees with the  Indian software professionals.


TCS, , Infosys, Wipro, Tech Mahindra  the big four Indian IT firms, and each lost between 3% to 6% on the Bombay Stock Exchange (BSE) on fears that their competitiveness vis-à-vis global competitors will now be gradually destroyed  as they will be forced  to hire the  expensive American labour.


The  High  Skilled Integrity & Fairness Act of 2017 introduced by California congressman zoe  who raises the salary level at which  the H-1B dependent employer are exempt from the  and recruitment attestation non-displacement  requirements to greater than $130,000. This is more than the double of current H-1B Minimum Wage of USD 60,000 which was established in 1989 and since then has remained unchanged.


Ball-park estimates that the show of average salary of a H1B visa-enabled Indian Technology Professional Employed in the United States is in the range of $80,000-110,000.

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