'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
With the third and final round of layoffs implemented by Facebook's parent company Meta Platforms, Inc. in process globally, India, too, has seen its impact, with some senior executives being asked to leave. Some of the executives to have been impacted are Avinash Pant, India's director of marketing; Saket Jha Sourabh, director and head of media partnerships; and Amrita Mukherjee, one of the directors on the legal team. An email sent to the company did not elicit any comment on the development until the time of going to press.
The foreign degree no longer sells itself, families are doing the math, and for many, the numbers just don't add up.
Travel companies are expecting a heavy rush to the US following the withdrawal of curbs on fully vaccinated travellers from select countries, including India, on November 8. The move will benefit those holding long-term tourist, business, and work visas. Also, new and extra flights by Air India and American Airlines are expected to provide better travel options.
US President Barack Obama has already backed the Bill that seeks to put curbs on the use of H-1B visa for those companies which have a higher ratio of work force under this category.
Indian tech firms like TCS, Wipro and Infosys have seen slower recruitment since the first quarter of 2008.
This will be exacerbated by the falling number of masters and PhD holders in science and engineering, restrictions on cross-border movement of IT professionals and the US H-1B visa programme.
The Durbin-Grassley Bill might have fallen through but large Indian information technology service providers are taking no more chance of being seen as job snatchers in the US.
According to experts, while allegations against Indian IT firms of visa misuse are nothing new, this time the scrutiny could be much greater.
"For most Americans, the beginning of April signifies the start of spring. For others, it means Opening Day of the baseball season. But for US employers, April first marks the day that US Citizenship and Immigration Services begins accepting new H-1B visa petitions for 2009," it said. "And once again, America's companies will be left in the lurch as the sparse annual allotment of H-1B visas will be reached on the very first day," the association said.
Seeking class action status in a suit filed on August 1 in the US District Court in Wisconsin, Brenda Koehler said Infosys systematically discriminates against people of non-South Asian descent.
Coming under tremendous pressure from the anti-immigration lobby, the US government plans to restrict entry of foreign IT workers, including those from India.
Immigration has contributed immensely to America's economic success, making it a global leader in tech, and also Google the company it is today, Pichai said in a tweet.
PepsiCo chief raps Indian infrastructure, manpower skills as big growth obstacles.
Rao was in Boston to deliver the third Harish Mahindra Memorial Lecture at Harvard University.
If Obama makes it difficult for U.S. companies to send jobs overseas or hire using H-1B visas, India's huge IT sector could suffer
Everyday job cuts, a slump in university admissions and a dwindling demand for H1B visas might project a gloomy US scenario to an average student in India but there is light at the end of the tunnel for those who think ahead.
Bank of America has become the first US bank to withdraw job offers made to MBA students graduating from US business schools this summer, citing conditions laid out in its bail-out deal as the reason.
Of the approximately 11,000 employees of Satyam USA, 7,000 are on H1B visas, says Mathew Daniel, a vice president of US operations with the company.
The president's moves will make it easier for entrepreneurs to work in the United States
Students will have more H1Bs to count on after they graduate.
In the wake of ensuing presidential elections in the United States, the Indo-US Business Alliance, a politically strong trade group, is making efforts to get the annual limit of H1B visa raised from 65,000.
They reason that hiring locals abroad -- where they have 'near-shore' (with proximity to the client) development centres -- would help them tap local markets and serve global clients better, win more deals and goodwill in those countries, besides scoring brownie points with the US in an election year (over H1-B visas).
IIM Calcutta (IIM-C) held the first phase of its final placements process between February 21 and 24, which saw a total of 207 offers being made to a total of 265 students from the Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Computer Management (PGDCM) batch of 2007-09.
Looking for crumbs from Obama doesn't say much for India Shining.
Experts said this would not only reduce Infosys' dependence on the H1B visa, which has seen increased restrictions under the current US administration. It will also help the company in building an employee pyramid for its future operations.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
Infosys is planning to hire the first 500 within two years.
The demand for white-collar gig roles saw an 11 per cent uptick year-on-year in March, amid muted hiring across industries due to global headwinds and job cuts, according to a recent report. The month saw white-collar hiring in India rise 2 per cent in terms of job posting activity compared to the same period the previous year, according to the report by staffing portal foundit.in (formerly Monster APAC and ME). Sectors such as retail, telecom, and Travel and Tourism saw the biggest growth in demand on an annual basis.
On Friday, the stock was the worst hit among the 30 blue-chips on the Sensex
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Obama's action is expected to help a significant number of Indians in the technology field, especially those having H-1B visas
Details of the Trump's executive order were not immediately known.
All major Indian IT services providers are keenly watching US President Donald Trump's potential actions on immigration law. Ayan Pramanik reports.
Unfazed by the US outcry on outsourcing and the implications of the recent cut in number of US visas, Wipro Chairman Azim Premji aims to turn his company into one of the top 10 IT service companies in the world.
