US H1-B Bill, if passed, will erode margins of Indian IT companies
The ratings agency said, "If implemented will reduce the talent pool qualifying for such visas and in turn result in either increased employee cost for hiring employees with higher qualification or subcontract work, both of which would increase the cost of operations and pressurise margins."
US bill will put further pressure on the margins of key Indian IT companies as they generate around 55% - 60% of their revenue from US market. Photo: Pixabay