Trump 2.0 impact: IT targets new markets, cuts reliance on H-1B visas

Even as the threat of tariffs and taxes at its largest market, the US, looms over the $280-billion Indian IT industry, data over the last 5 and 10 years shows a reducing reliance on the United States.

The industry is diversifying into newer growth areas. This trend is in tandem with a shrinking workforce after a stupendous expansion during the after-Covid two-year period.

The people-led industry’s reliance on H-1B visas has also significantly come down in the wake of tightening visa policies. ET finds out what changed in terms of the split between key markets while analysing aspects such as dependence on visas and local hiring