Moneycontrol
Last Updated : Feb 23, 2018 02:12 PM IST | Source: CNBC-TV18

Tougher H1B visa norms should not be a concern: Experts

Trump’s administration has made H1B visa approval a tad bit tougher. This is likely to have some kind of impact on IT stocks. In an interview with CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services and Apurva Prasad of HDFC Securities discussed what is going on in the IT index and will it materially impact IT companies.

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Trump’s administration has made H1B visa approval a tad bit tougher. This is likely to have some kind of impact on IT stocks. In an interview with CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services and Apurva Prasad of HDFC Securities discussed what is going on in the IT index and will it materially impact IT companies.

I think there is no impact because about 2-3 percent people in my view goes through this, this is just another rhetoric, Agarwal said.

Firstly, I think it will be a relatively small number. Secondly, the dependence on H1B is also reducing, I don’t think it is something which should be a concern, said Prasad.

For entire discussion, watch accompanying video…
First Published on Feb 23, 2018 02:09 pm
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