Trump's H1-B Hike: U.S. Innovation's Setback, India's Opportunity
President Trump's decision to increase the H1-B visa fee to $100,000 is foreseen as a move that could hinder U.S. innovation while boosting India's technological advancement, according to former NITI Aayog CEO Amitabh Kant. This fee hike might direct global talent and innovation towards Indian cities.
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- India
President Donald Trump's decision to elevate the H1-B visa fee to $100,000 annually threatens to stifle U.S. innovation, according to former NITI Aayog CEO Amitabh Kant. The policy is expected to foster growth in Indian innovation sectors such as Bengaluru and Hyderabad.
The Trump administration asserts that the fee increase ensures only highly skilled individuals are brought into the U.S., preventing domestic job displacement. The proclamation, signed on Friday, marks a continuation of the administration's stringent immigration policies.
The new fee structure might redirect the global wave of innovation and talent to India, a shift that Kant argues would see India's major cities gain in labs, patents, and startups. He suggests that this is a pivotal moment for Indian professionals to contribute to national progress.
(With inputs from agencies.)
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- Amitabh Kant
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- Hyderabad
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