Trump effect: H-1b visa approvals for Indian IT companies drop by 43%: The top 7 Indian IT companies experienced an enormous 43 percent drop in their H-1B visa approvals between 2015 and 2017, a US think-tank has been stated the same.
This one is touted as a Trump effect which is the co-ordinated by the National Foundation for American Policy in a report which stated that the 8,468 new H-1B visas for Indian-based companies in the financial year 2017 equaled only 0.006 percent of the 160 million which is for and in the US labor force.
The top 7 Indian-based companies received only 8,468 approved H-1B appeals and requests for opening employment in FY 2017, which result in the turn down of 43 percent for these companies given that FY 2015; at what time it received 14,792 H-1B visas.
Given that 199,000 applications were filed in FY 2017 for the FY 2018 cap year 105,000 in excess of the FY 2018 H-1B annual limit though that comes none of these companies received new H-1B visas the annual limit still can be have been reached on the day 1 of the April filing period, it stated.
“The data indicate the problem is not which companies are receiving H-1B visas, which some contend, but that the 85,000-annual limit is too low for an economy the size of the United States,” it argued.
Based on the H-1B visa data obtained from the US Citizenship and Immigration Services (USCIS), the foundation said that the Tata Consultancy Services (TCS) received 2,312 H-1B visas in 2017 as against 4,674 in 2015, catalog a drop of 51 percent.
Infosys, for the period of the same time, witnessed a massive drop of 57 per cent from 2,830 in 2015 to 1,218 in 2017. Wipro received 1,210 H-1B visas in 2017 as against 3,079 in 2015.