No capping on H-1B visa quota; confirms Mike Pompeo

Posted on 28 Jun 2019

This news sure relieves the H-1B visa applicants. The approach towards localization of India’s data was affecting the North American enterprises like the Visa and MasterCard. As per the sources, the US was scheming to limit the number of H-1B visa candidates entering the country. However, the Secretary of the State, Mike Pompeo cleared the tension by overturning the hearsay, stating that there will be no capping on the H1-B visa quota. India is among the largest outsourcer of skilled tech workers. Limiting the quota was only going to hurt the American tech-giants. The dominance of US technology is, although partly, affected because of its popularity among the most proficient techies across the globe, mentioned India’s IT Trade Association Nasscom at the beginning of the wafting rumours. According to the statistics, there will be about 1.4M more jobs in software development in 2020 than the candidates who will apply for them. Also, by the year 2030, it is a possibility that the economy of the US could experience the backlash of $162 billion-worth (Rs 11 lakh crore) revenues per annum unless more software workers are employed.


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