US H-1B Visa Overhaul: Weighted Selection Impacts Indian IT Stocks
The US replaced its H-1B visa lottery with a weighted system prioritizing higher-skilled, higher-paid workers, effective February 27, 2026. This change by the Trump administration is expected to impact Indian IT companies, leading to a reaction in major IT stocks like Infosys and TCS.
- USCIS replaces H-1B lottery with weighted selection process.
- New system prioritizes higher-skilled and higher-paid foreign workers.
- Rule takes effect February 27, 2026, for the FY2027 cap season.
- Indian IT stocks, including Infosys and TCS, reacted on Wednesday.
- Changes may lead to increased operational costs and offshoring for Indian IT.
- Trump administration announced these significant H-1B visa reforms.
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