Posted by NewAdmin on 2025-03-19 09:06:32 | Last Updated by NewAdmin on 2025-07-22 11:20:40
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NASSCOM has
emphasized the critical role of Indian professionals and H-1B visas in bridging
skill gaps in the US, asserting that technology will remain central to American
economic growth. The industry body dispelled misconceptions about H-1B workers
being cheap labor or displacing American workers, reaffirming that the visa
program addresses a trade issue rather than immigration concerns.
NASSCOM
Vice President Shivendra Singh expressed confidence in the continued importance
of Indian talent for the US economy, despite recent policy changes under
President Donald Trump. Singh highlighted that Indian IT companies have
invested over $1.1 billion in local upskilling initiatives, positively
impacting 2.9 million students and collaborating with over 130 US universities.
He noted that while Indian firms account for just 8.5% of H-1B visas, 70% of
these visas are issued to Indian nationals due to their critical skillsets.
On recent
US policy changes, such as the revocation of birthright citizenship, Singh
empathized with those affected but underscored that immigration policies are a
sovereign matter. He also dismissed concerns about these developments clouding
the outlook for the Indian IT industry, emphasizing the enduring demand for
skilled workers in the US.
Referring
to President Trump’s $500 billion investment in AI infrastructure, Singh
highlighted the potential for deeper partnerships between Indian and US
enterprises. He reiterated that Indian tech talent remains vital for addressing
the demand-supply gap in critical sectors. Singh also debunked myths about H-1B
visas, pointing out that mean wages for H-1B workers are significantly higher
than those for average American workers. He expressed optimism that measures to
boost the US economy would foster mutual growth for Indian IT companies and US
enterprises, ensuring a long-term win-win partnership.