H-1B Visa Will Affect US Economy Too: NASSCOM

The trade association of Indian Information Technology and Business Process Outsourcing industry, NASSCOM, National Association of Software and Services Companies criticized the proposal of Donald Trump.

The administration of American president Donald Trump present a proposal of stopping the extension of H- 1B visas for those who are waiting for the green card or looking for permanent residency in US.

Top most body of India’s IT industry Nasscom said that if this move passed it will definitely hurt the American economy as well. According to Nasscom America has huge skill gap in Science, technology, Engineering and Mathematics fields.

Nasscom President R Chandrasekhar told The Times of India “There are still one million vacant jobs relate to IT areas. All these measures aren’t changing the skills gap and will surely hurt the American economy.

What Is H-1B ?

H-1B is a common visa for skilled ones to get job in US companies. It is much popular among the Indian IT industry. Nearly 70% of all H-1B workers are from India lonely.

According to existing laws in US, whoever holding this H-1B visa can stay in America for three years, which can be later extended for another three years. If anyone waiting for the approval of green card their H-1B visa will extended for infinite.

Meanwhile, according to the newly proposed law the H-1B visa holder have to move out of the US till the completion of their application of permanent residency. If it comes in action then hundreds of foreign not able to hold their H-1B visas as their green card applications are still pending.

General manager for IT staffing at TeamLease Services, Alka Dhingra told Quartz, “It will have a big impact on the current workforce as there are thousands of applicants who have spent almost a decade in the US waiting for green card processing. In case they need to return to India or their home countries, they need to start again. People whose green card is in process can go back to the US once it is approved but that will take its own time and meanwhile they need to move, settle, and resettle again in terms of work and personal life both.”

Many thoughts that it is the step to end the Obama-era- rule which also allows the wife’s of H-1B visa holders to work in the country.