In this video, we discuss the impact of US immigration reforms on Indian IT stocks
Edited highlights
0:42 In this video, we discuss the impact of US immigration reforms on Indian IT stocks
2:40 Immigration reforms were part of President Donal Trump’s electoral campaign
2:50 Like tax reforms and repealing Obamacare, he is trying to fulfill all his campaign promises
3:15 Immigration reforms can impact the Indian IT industry. If the process of conversion of H1B visa to Green Card has not been completed by 6 years, you need to go home
3:37 If you are 6 years in the US, you will already be trained in IT products of various companies. If a person returns to India , this will involve re-training costs
4:05 Unless industry association like Nasscom proactively work it out with the US, Donald Trump may go ahead and implement the immigration reforms
4:31 Companies associated with doing the jobs on the site will need to think about this issue
5:06 The rupee has been rising and since IT company revenues come mostly in dollars, that is another factor that will make an impact
