A proposed increase in H-1B visa fees to $100,000 by the US administration has caused anxiety among Indian tech workers in the US and triggered a market downturn in India. The majority of H-1B visa holders are Indian and Chinese. The fee hike could significantly impact IT companies relying on these visas, potentially leading to shifts in staffing strategies, including increased offshoring and local hiring. Analysts predict a decrease in remittances to India and fewer Indian students pursuing US education due to the increased cost.

Prepared by Christopher Adams and reviewed by editorial team.