South Asia analyst Michael Kugelman has highlighted the importance of trade talks between India and the United States, stating that a potential trade deal could serve as a major confidence-building measure and help stabilise the bilateral relationship while easing tensions.
The latest move by US President Donald Trump to revise the H-1B visa fee to USD 100,000 has expanded protectionist barriers against India, according to a report by Systematix Research.
The recent H1B visa fee hike announced by the US administration will hit more to startups and innovation of the United States than India's IT services exports, said US-India Strategic Partnership Forum (USISPF) President and CEO Mukesh Aghi.
Union Minister Piyush Goyal has emphasised India's strength in talent, innovation, and clean energy while addressing the US-India Strategic Partnership Forum, days after US President Donald Trump revised the H1B visa norms and raised the annual fee to USD 100,000.
The latest move by US President Donald Trump to revise the H-1B visa fee to USD 100,000 has expanded protectionist barriers against India, according to a report by Systematix Research.
Speaking to ANI, Tharoor mentioned that the sudden hike in H-1B visa fees is about America's domestic politics and the President is trying to gain support of the anti-immigration base, as US legislative elections are set for November this year.
The weakness in the Indian rupee continued on Tuesday, with the currency touching a record low of 88.67 per U.S. dollar at the time of filing this report. The pressure on the rupee came amid concerns over U.S tariffs and jitters surrounding H1B visa rules.
"No, I would not say it is a point of no return. Because I do believe the longer term interest of both countries will eventually bring us back on even keel. It is certainly a very sharp setback in the short term. It is costing us. It is costing jobs in India, losses in India. For India it
The reaction follows the US administration's recent increase in H-1B sponsorship fees to USD 100,000, a move that has sparked sharp responses from India and industry stakeholders.
The United States' decision to impose a steep increase in H-1B visa fees has triggered concerns across Indian industries.
But banking and market expert Ajay Bagga has a different view. Speaking with ANI, Bagga said that the USD 1,00,000 fee for the H1B visa will check the brain drain from
Crawford, who served as Director of Product Management during the company's takeover and rebranding as X, said that the platform survived because of the H-1B engineers from India and China after the takeover, as they worked long hours during critical times.
The new H-1B visa fee regulation in the United States, though prima facie looks negative, but it will have minimal near-term implications for Indian IT companies, while medium-term challenges could emerge in the form of higher costs and the need for greater localisation, noted a research rep