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CAN RETURNING TECH MINDS FUEL INDIA'S RISE?
Mint Mumbai
|February 24, 2026
The growing ambiguity around H-IB visas is driving a surge in interest in job opportunities back home
Selva S. spent 17 years in the US semiconductor industry before returning to India through an internal transfer. His H-IB visa remains valid until December 2027, which means he could earn far more money than he would in India, but the growing uncertainty around long-term work authorization, he feels, made the trade-off worthwhile.
Selva's decision reflects a broader rethink among specialized tech hands. From the Indian Institutes of Technology (IITs) to tier-II colleges, generations of engineers built their dreams around a US visa, a job in Silicon Valley, and the promise of global success. For decades, that journey shaped careers, secured families, and turned India into the world's premier supplier of tech talent.
Now, a proposed $100,000 fee on new H-1B visas has made it commercially unviable for American companies to hire from India. Rating agency Crisil estimates the change could add $150-$550 million in annual costs for top Indian IT companies, while brokerage Jefferies warns profits could shrink by as much as 1.5% per H-IB worker-a hit that makes the old model unworkable.
The stakes get higher with artificial intelligence (AI). In early 2026, Indian IT stocks suffered a sharp decline as clients began repricing contracts based on AI-driven productivity gains. AI-powered workflow tools are automating core outsourcing tasks that once sustained the H-IB pipeline.
For the country's brightest minds, this moment presents a clear choice. They can move to countries rolling out the red carpet, or build at home at a time when India's startup and deep-tech ecosystem is finally gaining momentum.
The growing ambiguity around H-1B visas is driving a surge in interest in job opportunities back home from Indian talent working overseas.
This story is from the February 24, 2026 edition of Mint Mumbai.
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