H-1B visas see drop of 37% for 7 Indian firms: Report
Top seven India-based IT companies in the US collectively experienced a whopping 37 per cent drop in approved H-1B visa petitions in 2016 as compared to the previous year, according to a new report that comes amid the Trump administration’s crackdown on the “visa abuse”.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to the previous year, said a report by the National Foundation for American Policy — a Washington-based non-profit think-tank.
It said that the 9,356 new H-1B petitions for the top seven India-based companies approved in fiscal 2016 represent only 0.006 per cent of the US labour force.
“While the threat of job loss has long been exaggerated by critics, it reaches illogical proportions when discussing fewer than 10,000 workers in an economy that employs 160 million workers nationwide,” the National Foundation for American Policy said in a statement after releasing the report.
The report comes after US President Donald Trump signed an executive order in April for tightening the rules of the H-1B visa programme to stop “visa abuses”.
Trump said his administration is going to enforce ‘Hire American’ rules that are designed to protect jobs and wages of workers in the US.
The executive …read more
