US Green Card Suspension Poses Limited Risk to Indian IT

Analysts say Indian IT firms face minimal immediate fallout from the US suspension of a key green card program. Major technology companies have reduced their dependence on this route for employment. Long term talent retention concerns remain.

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Figurines with computers and smartphones are seen in front of TCS: Tata Consultancy Services logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration

Tata Consultancy Services and peers face limited near-term revenue impact from the United States green-card suspension due to reduced visa dependency, analysts said on Friday morning. The regulatory tightening targets the Permanent Labor Certification program, aiming to curb foreign pathways to citizenship. The move introduces sentiment headwinds for India's $315 billion technology sector amid broader artificial intelligence disruption.

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