It’s not only polls in India that affect Indian business — election years in the US can be nerve-wracking, too. Especially for the IT companies. In end-March, the US government hiked the fee for H-1 B visas from its next fiscal year, starting October. The impact is already being felt, because visa applications for the new financial year open in April. The fee hike is a stiff one and IT companies are already provisioning for lower margins as a consequence — the bulk of Indian IT companies’ earning are from work in the US, after all.
No visa power
IT companies’ will be hit by the US’ move to hike visa fees
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