IT stocks foot Rs 82,600 crore bill for $100,000 H-1B visa. Time to sell?
Indian IT stocks plunged up to 5% after Donald Trump hiked H-1B visa fees to $100,000, erasing Rs 82,600 crore market value. Analysts warn margin pressure, rising wages, and profitability risks could deepen challenges for software exporters.
Indian IT stocks plunged up to 5% after Donald Trump hiked H-1B visa fees to $100,000, erasing Rs 82,600 crore market value. Analysts warn margin pressure, rising wages, and profitability risks could deepen challenges for software exporters.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
