Nifty IT Share Prices Plummet Amid $100,000 H-1B Visa Fee Renewal

Nifty IT share prices fell 0.7% after US President Trump renewed a $100,000 fee on H-1B visas.

The White House has argued that lower-cost H-1B labour puts downward pressure on domestic American wages, justifying the policy as a measure to protect American technology jobs rather than a trade action targeting Indian exporters.

Nearly 70% of India's largest IT services companies rely heavily on onsite US delivery models for consulting and implementation-heavy engagements. The renewed H-1B fee will increase staffing costs for these companies, potentially compressing margins unless they accelerate their shift toward local hiring and offshore delivery models.