Indian IT firms face little risk from US green card suspension

TCS: TCS is India's largest IT services exporter, providing technology consulting, software development, and outsourcing services to global clients, with a significant presence in the US market. In this news, TCS indicated it does not anticipate any impact from the PERM suspension on its workforce strategy or client engagements, citing minimal applications under the program in recent years. Nasscom: Nasscom is India's premier trade body and chamber of commerce for the IT and business process management sector, representing major technology services companies and advocating on policy matters affecting the industry. In this news, Nasscom stated that Indian IT firms have significantly reduced their reliance on H-1B visas in recent years and noted that relatively few workers transition from those visas to permanent residency via the PERM program. Abinaya V: Abinaya V is a writer and editor at Reuters specializing in business and international news. In this news, Abinaya V wrote the article detailing the limited near-term risks to Indian IT from the US policy change. Kashish Tandon: Kashish Tandon is a journalist based in Bengaluru who reports on business, technology, and policy developments for Reuters. In this news, Tandon contributed to the reporting on the US green card suspension and its implications for Indian IT firms. Sumit Singhania: Sumit Singhania is the head of research at Bajaj Broking, providing market analysis and commentary on Indian equities and sectors including IT services. In this news, Singhania noted that the regulatory development adds uncertainty for the Indian IT sector amid existing pressures. ICICI Securities: ICICI Securities is a leading Indian brokerage and investment banking firm that provides research, equities trading, and advisory services to institutional and retail clients. In this news, ICICI Securities commented that the PERM suspension is negative for Indian IT stocks mainly due to sentiment effects and longer-term talent concerns rather than immediate revenue impacts. Mrigank Dhaniwala: Mrigank Dhaniwala is an editor at Reuters with expertise in business journalism. In this news, Dhaniwala edited the piece covering the US vice president's comments and the Indian IT industry's response. US vice president: JD Vance serves as the Vice President of the United States under President Donald Trump, with involvement in domestic policy discussions including immigration and labor issues. In this news, Vance commented without specific evidence that companies are using the PERM program to replace American employees with foreign workers and undercut wages. Bharath Rajeswaran: Bharath Rajeswaran is a journalist based in Bengaluru who covers economic and corporate news for Reuters. In this news, Rajeswaran contributed to the reporting on the PERM program suspension and analyst reactions from the Indian IT sector. Sherry Jacob-Phillips: Sherry Jacob-Phillips is an editor at Reuters focused on business and technology coverage. In this news, Jacob-Phillips edited the report on the green card suspension and statements from Indian officials and analysts. Indian foreign ministry: The Indian foreign ministry handles India's diplomatic relations, international policy coordination, and responses to foreign government actions affecting Indian nationals and businesses abroad. In this news, the ministry stated that the US steps do not advance shared ambitions between the two countries and defended Indian professionals as highly skilled contributors to the US economy. Sector Pressure: Indian IT stocks have faced ongoing challenges from AI-driven changes and regulatory developments affecting talent strategies. Immigration Policy: The US administration has pursued broader efforts to reduce foreign-born residents and limit pathways to permanent residency and citizenship. Industry Adaptation: Indian IT companies have been expanding local hiring in the US while decreasing reliance on certain visa programs.