Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
The $140-billion Indian IT market is facing challenges on multiple fronts including stricter visa regime in key markets and shortage of skilled manpower for new technology areas like data science.
The Trump administration is reportedly moving ahead with its decision not to give work permits to the spouses of H-1B visa-holders, arguing that this displaces genuine American workers.
Nearly, 40 per cent of Fortune 500 companies have been founded by immigrants or the children of immigrants.
The president's moves will make it easier for entrepreneurs to work in the United States
Infosys on Friday said it is in discussion with clients for a contingency plan to ensure business continuity in the event of the US immigration reforms bill becoming a law.
Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly-skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the best interest of the two countries, officials said.
Through these new hires and centres, Infosys will also focus on enhancing its play in new technology areas like artificial intelligence (AI), machine learning, user experience, cloud and big data.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
This doctor couple put their faith in India. And in return India has put faith in them.
According to the report, the magnitude of internal migration is about two-and-a-half times that of international migration.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
'USCIS has been making arbitrary rules for over eight years, it's our top priority to set things right.'
This employment-based backlog is projected to double by fiscal 2030. The back log exists because the number of foreign workers whom US employers sponsor for Green Cards each year exceeds the annual statutory Green Card allocation. In addition to this numerical limit, a statutory seven per cent per-country ceiling prevents the monopolisation of employment-based Green Cards by a few countries.
With Democrats having an upper hand in US Congress, the Donald Trump administration will find it difficult to come up with any future legislative changes with regard to visa regulations.
Sikka said since more and more of the work is now becoming automated, the Indian IT companies need to focus much more on the innovative areas and on the new areas.
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The immigration bill, from the US point of view, is going to bring in much more talent to the US, which is desirable aid, said economist Arvind Subramanian.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
US President Barack Obama's plan to shield up to 4.7 million undocumented immigrants from deportation may be immensely significant, but only a comprehensive legislation from the Congress with a larger goal could do justice to immigrant expectations.
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
According to several industry sources in the know, expenses towards deploying contractual staffer, which used to account 10 per cent of the overall billable employee cost at IT firms, has fallen to around 3 per cent. IT firms typically use the contractual workers from staffing solutions providers or subcontractors.
Slowing growth, stronger rupee and higher local hiring to pull firms down this financial year
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.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
The Reforming American Immigration for Strong Employment, or RAISE, Act, introduced by Republican senator Tom Cotton and David Perdue from the Democratic party, would alter the US immigration system to significantly reduce the number of foreigners admitted to the country without a skills-based visa.
According to the bill, Indians should not exceed 15 per cent of the population.
Neither Biden nor his successors can any longer ignore the threat China has come to pose to the US in both economic and military fields, observes Virendra Kapoor.
Obama's action is expected to help a significant number of Indians in the technology field, especially those having H-1B visas
The challenges before the IT industry are many and its response over the coming months will shape the future of what has been one of the most vibrant value-creating and livelihood-enabling sectors.
The endorsement first by a sitting American Senator comes days ahead of the crucial Republican presidential primaries on Tuesday in 11 states.
The nine-member jury found in an Oakland, California court on Wednesday that the TCS did not have a "pattern or practice" of intentionally discriminating against non-South Asian workers due to their race or national origin.
Indian IT industry veterans believe lack of maturity from the political leadership may have helped people in the US to take advantages.
As of now, about 66 per cent of the green cards are given to those with family ties and only 12 per cent are based on skills.
In an indirect reference to Labour's perceived anti-India stance over the issue of Kashmir, he noted: "There can be no place for racism or anti-India sentiment of any kind in this country."
Trump said that his proposal should be supported by both parties (Republican and Democratic) as a fair compromise -- one where nobody gets everything they want, but where the country gets the critical reforms it needs.
While companies having fewer visa holders in the US seem to be less exposed to rising protectionism, most front-line IT stocks are trading at attractive levels and, to a large extent, factor in near-term headwinds.
'All these people want is a secure home where they can live and earn in peace.'
'We have to face the fact that Islamic terrorists are here on our soil and mean to do America harm.'
US President Barack Obama said there is natural convergence between India and the United States.
'I can't help it if people don't love the minorities, the Dalits and Adivasis; they are as much of this country as any other Indian.' 'If I love them, it does not mean I do not love my country.' 'It is ironic and funny that they have laid such severe anti-national charges against me.'
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