Overview

• Citigroup has about 33,000 employees in India, JPMorgan 55,000, and Bank of America more than 27,000, giving lenders capacity to shift high-value tech and support roles.
• JPMorgan’s Asia-Pacific chief Sjoerd Leenart said the charge does not affect current H-1B holders and cautioned it is too early to gauge the full impact.
• EY estimates India’s GCC market at about $64 billion with roughly 9.8% annual growth since 2019 and projects up to 2,500 centers by 2030 worth about $110 billion.
• Recruiters and legal advisers expect deeper use of Indian hubs for trading support, risk management, engineering, and compliance, though banks plan to wait for regulatory clarity.
• Research shows firms often hire more abroad when visas tighten, and analysts warn U.S–India trade frictions and potential new measures could temper expansion plans.