Big Shock for Indians in the US | Business | Sarthak Ahuja

Описание: Indians working in the US have got the biggest shock of their lives…

But it may work out very well for India over the next decade and I’ll explain how…

So every company in the US hiring foreign talent to work in their company in the US on an H1B visa will have to pay USD 100k annually to the government…

Which means Rs 88 lakhs per employee in additional taxes.

Now this has been passed under a presidential proclamation on the 19th of September and is said to come into effect starting the 21st of September 2025.

Indians form 71% of all H1B Visa applications, and Chinese are just about 12%…

So there is a possibility a lot of Indians who are on H1B may have to move back to India.

Whether this will be challenged in the US Congress and how, we can’t say.

But let’s just assume it will go through…

Think what will happen…

When I speak to the administration at Indian B schools like ISB and IIM-A, they’re thrilled because they are getting a great turnout of applicants which would earlier apply to US schools…

As the Indian students applying to US colleges has already dropped by 35%…

And here’s the thing…

The growth of China happened over the past two decades because their talent built some fabulous tech startups and ecosystem in China.

While this may bring a lot of pain to a few families in the short term…

I think over the next decade or so, India will see a lot more investments in India, and spur out growth.

There is always a silver lining… this one just looks like a golden opportunity for the Indian nation as a whole on a macro level over the long term.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.