While the move will stop new workers from entering the US for the entire year, existing Indian H-1B visa holders in the US will benefit. The suspension of H-1B visas could also help India retain highly-skilled workers.
Existing Indian H-1B visa holders in US can benefit from this in form of higher remuneration. (Photo: Reuters/Representational image)
- US suspension of H-1B visa could benefit Indians, said sources
- It will help exisiting India H-1B visa holders in US earn better remuneration
- It will also help India retain high-skilled workers planning to go to US
A day after the United States suspended several non-immigrant visas including the prized H-1B visa, sources said that the move may actually benefit Indians in multiple ways.
In an informal note, government sources have listed several points that show why the move could benefit Indians. While the move will stop new workers from entering the US for the entire year, existing Indian H-1B visa holders in the US will benefit.
They explained that the new policy is not going to impact the existing H-1B visa-holding Indians in the US and added that it may turn out to be beneficial for them.
Also read | Decoded: How Trump’s H-1B suspension move affects Indian IT companies, techies
The suspension can result in a short of skilled workforce from STEM-related fields. Existing Indian H-1B visa holders in the US can benefit from this in the form of higher remuneration.
It will also lead to more services in India as outsourcing of work may increase due to a shortage of skilled workers in the US.
Sources also added that the proclamation by US President Donald will have limited impact on Indians opting for temporary work visas like H-1B.
They explained that US issues 85,000 H-1B visas every year and around 60,000 of them go to Indians. That is 70 per cent of all H-1B visas issued annually by the US.
With the suspension on issuing visas for six months, around 30,000 visas would be impacted at best, according to sources.
Furthermore, India can also benefit from skilled individuals who were all set to leave for the US.
These highly-skilled individuals are in high demand in the science and technology sectors in India, added the sources.
With CMIE indicating that the employment rate in India is rising, there are chances that all these highly-skilled resources could directly contribute to boosting the Indian economy.
Read: Here’s how EB-5 visa gives a competitive edge to students pursuing higher education in US
Read: Planning to study in the US? Here’s a comparison of H1B and EB5 visa routes
Read: 3 quick tips to save you in the coming job crisis due to Covid-19