Economy

US blocks PERM processing for major IT firms, impact on Indian IT seen limited

Hindustan Times2h
THE BRIEF
1

The US administration suspended permanent labor certification processing for major outsourcing firms including TCS, Infosys, and Wipro.

2

Data from the US Department of Labor indicates that Indian IT firms accounted for less than 2% of the 117,849 permanent labor requests filed through September.

3

Industry experts noted that existing employees will not experience an immediate project delivery crisis since PERM is separate from work visas like the H-1B.