InvestorQ : What does the Trump suspension of immigration impact on Indian IT companies like TCS and Infosys?
Tisha Malhotra made post

What does the Trump suspension of immigration impact on Indian IT companies like TCS and Infosys?

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Moii Chavate answered.
12 months ago
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Donald Trump has announced that he will issue an executive order to temporarily suspend immigration to the United States to protect US workers and jobs in the midst of the economic slowdown caused by the Coronavirus pandemic. Trump has underlined that he will first take care of the American worker and cannot allow them to be replaced by immigrant labour flown in. However, it needs to be noted that the executive order would only apply to immigrants seeking permanent residency in the US (also known as obtaining a green card). This is unlikely to impact Business travellers and foreign workers on temporary non-immigrant visas. For Indian IT companies like TCS and Infy, the impact may not be much as most are on temporary visas. Also, the suspension is likely to last for only 60 days, so it should be much of an issue.

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