- Date : 23/05/2017
- Read: 1 min
Can’t decide whether you should invest in tech stocks or not? This could help you decide.
On 30 January 2017, the Trump Administration said it would recondition the H-1B work-visa programme for foreign nationals working in “specialty” fields. The group generally includes computer programmers from Indian tech companies that have been contracted by American clients.
US technology firms face an ongoing struggle to find suitable computer-science professionals, and therefore look overseas to fulfil their needs.
President Trump’s overhauling envisages more than doubling the minimum salary of such visa?holders to $130,000 from the current wage of $60,000. The clause seriously threatens to undermine the profits of Indian vendors like Tata Consultancy Services (TCS) and Infosys – simply because the US accounts for 50-80% of their revenue.