US IT Sector to lose competitive edge owing to H-1B visas curbs

US IT sector will lose its competitive edge owing to the H-1B visas curbs according to the latest report from the Center for Global Development, the top US think tank. It will also make it tough for the US to attract skilled workers and talents from nations such as India, elaborates the report. The report is titled as ‘IT Boom and other unintentional effects of chasing the US Dream’. It makes an exhaustive analysis of the manner in which the H-1B visas influence both the economies of the US and India. Co-author of the research paper and fellow at the CGD Gaurav Khanna said that both the US and India have been benefited immensely from the H-1B visas. The research paper stresses that comparatively the US IT Sector has benefited more from the H-1B visas. Thus curbing the visa program will not permit the US IT Sector to attract highly skilled talents from India, as quoted by the Times of India. The report further cautions that US IT Sector could then lose its viable edge in production. It added that IT firms could relocate to nations such as Canada in this scenario of curbing of H-1B visas by the US. The research paper of the CGD also analyses the relationship between immigration and outsourcing of IT production to India from the 2000s. It found that on the average the US workers are better off by around 431 million dollars on the whole or 1, 345 dollars per additional immigrant in 2010 owning to the H-1B visa program. Crucial mechanisms such as trade with other nations, innovation by businesses, choices of workers and students to become IT professionals have been incorporated into the study. If you are looking to Study, Work, Visit, Invest or Migrate to the US, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.