U.S. Visa Fee Hike to Cost Indian IT $150-550 Million

Indian IT services firms stand to incur $150-550 million in additional costs following the U.S. decision to raise H-1B visa application fees. Since a significant chunk of their revenue comes from contracts requiring deployment in the U.S., the added costs could strain margins. The policy move has already spurred revisions in workforce planning, sourcing and pricing strategies to absorb or offset the financial burden.