India's $283 billion information technology sector will have to overhaul its decades-old strategy of rotating skilled talent into U.S. projects following U.S. President Donald Trump's move to impose a $100,

India’s $283 billion information technology industry is bracing for sweeping changes after US President Donald Trump’s decision to impose a $100,000 fee on new H-1B visa applications from Sunday. According to a Reuters report,

The increase in H-1B visa fees to $100,000 may prompt companies to favour remote hiring, particularly from India. This trend could reshape the tech industry, limit on-site opportunities for Indians in the US.

The United States specifying that higher fees for H-1B visa applications will imposed only on new applications has helped reduce uncertainty, India's IT industry body Nasscom said on Monday.

Bay Area tech companies and workers are bracing themselves for the impact of new H-1B visa fees. The visas bring tech workers from India and other countries.

Asian stocks inched up and the dollar was steady on Monday as traders pondered the U.S. monetary policy path after the Federal Reserve's rate cut last week, while President Donald Trump's immigration crackdown on worker visas kept sentiment in check.

Imposing a new $100,000 annual fee on H-1B visa applications could disrupt the global operations of Indian technology services companies that deploy skilled professionals to the United States, India’s IT industry body Nasscom said on Saturday.