The United States imposes an additional $100,000 on H1B visas, causing fear in India's $283 billion IT industry of a double blow to profits and operational models.

According to the Wise Finance APP, on Monday, Indian information technology stocks fell, the reason being that US President Trump imposed a $10,000 fee on new H-1B visa applications, which could bring operational difficulties to outsourcing giants. On Friday, Trump stated that companies applying for H-1B worker visas would have to pay higher fees. Last year, 71% of approved H-1B visa recipients were Indians.