H-1B fee increase to slightly dent Indian IT profits; industry boosts offshore delivery: Crisil Intelligence – The Times of India
The US move to impose higher fees on H-1B visas is expected to impact Indian IT majors’ operating margins by just 0.20 per cent, according to Crisil Intelligence, an arm of a domestic rating agency.“The US decision to impose a $100,000 fee on new H-1B visas for foreign workers will snip just 10-20 basis points…