Indian IT Stocks Decline, Rupee Weakens Following Proposed H-1B visa Fee
Mumbai/New Delhi/Bengaluru – Indian information technology stocks experienced notable declines and the rupee weakened slightly in early trading Monday as investors reacted to a proposed $100,000 fee on new H-1B visas for highly skilled workers in the United States. The potential impact on Indian IT services companies, which heavily rely on deploying workers to the U.S., triggered the market response.
the significant fee, if implemented, coudl effectively negate the expected earnings from sending IT professionals to the U.S., according to analysts. Last year, nearly three-fourths of the H-1B visas issued whent to Indian immigrants. Companies like HCL, which utilizes a large on-site workforce to support client projects, are particularly vulnerable. The move signals a potential shift in U.S. immigration policy impacting a crucial revenue stream for India’s tech sector and raising concerns about future growth.
The proposed fee was announced by U.S. President Donald Trump. The development comes as Indian IT firms are already navigating a complex global economic landscape and increased competition. The H-1B visa program allows U.S. employers to temporarily employ foreign workers in specialty occupations. A significant portion of these visas are filled by Indian nationals working in the IT sector.
soumyajit Saha,Kiran Sharma and Sayan Chakraborty reported on the developments as of September 22,2025,20:54 JST,noting the initial market reaction. The article was originally published September 22, 2025, 19:01 JST.
