The restrictions on H-1B visa programme will lead to the Information Technology (IT) sector in the US lose its competitive edge in the market. A top American think-tank said that US IT sector will find it difficult to attract open talents from India and America, PTI reported.
The Center for Global Development (CGD) in a report titled ‘The IT Boom and Other Unintended Consequences of Chasing the American Dream’ said that H-1B visa is advantageous for both India and the US. Gaurav Khanna, fellow at the CGD and co-author of the research paper, said, “It is really important to make sure that the I-T sectors from both countries are allowed to attract the right kind of people, because they really allow for innovation and growth in both the countries.”
The report gives a detailed description of how the H-1B visa programme affects the economies of the both the US and India. Khanna told PTI, “Both the economies have really benefited from the H-1B programme.” He also warned that the IT companies might look for other options and move to Canada if the H-1B clampdown will happen. He said, “What our paper is really trying to stress, is that on average the US is better off because of the H-1B programme. So clamping down on the H-1B programme will basically not allow the US IT sector to attract the open talent from places like India. The US might then lose its competitive edge in IT production.”
Online Source: The Indian Express