Overview
- President Donald Trump set a $100,000 fee on new H‑1B applications after August tariffs on India, reshaping incentives for Indian tech graduates.
- IIT leaders say more top students now plan careers in India, with IIT‑Delhi’s director calling the visa curbs a potential opportunity.
- Global Capability Centers in Bengaluru, Hyderabad, Chennai and Pune now run critical work for firms such as Microsoft, Amazon, JPMorgan and Goldman Sachs, with one European bank judging disruption in India as costlier than at its headquarters.
- Placement data underscore the shift as IIT Bombay logged 1,475 accepted offers in 2023–24 with only 78 from international companies.
- Signals and caveats: Metaview advertised "We still sponsor H‑1Bs" outside an IIT, Common App reports a 14% drop in Indian applications to U.S. colleges, and analysts warn reduced access to U.S. frontier research could narrow India’s pipeline.