Indian Tech Stocks Wipe Out $10 Billion After H-1B Visa Hike

On September 22, 2025, a significant policy shift in the United States sent shockwaves through India’s $283 billion IT sector. President Donald Trump announced a steep increase in the H-1B visa application fee to $100,000, a move that has profound implications for Indian tech companies. Historically, these firms have relied heavily on the H-1B visa program to deploy skilled professionals to the U.S., with Indian nationals comprising over 70% of H-1B recipients.