India slams US Green card suspension for IT firms
India criticized the US suspension of the PERM green-card program for IT firms, including TCS, Wipro, Infosys, and Microsoft, calling it harmful to shared ambitions. The move affects thousands of Indian professionals. Microsoft stated 80% of its H-1B applications were for existing employees. India also objected to US Vice President Vance's remarks about foreign professionals.
How this was made

The 30-second read
Why it matters
Regulatory action creates uncertainty for talent acquisition and retention in the US for affected companies.
Market read
The PERM suspension is a new regulatory risk for several US‑listed IT service firms, potentially pressuring their share prices.
What to watch
Companies could shift to alternative visa categories or increase remote work, mitigating the freeze.
Background
The US administration suspended the PERM green‑card program for eight major IT firms to reduce foreign worker numbers.
Ticker impact
Wipro faces the same PERM freeze affecting its US‑based workforce.
likely pressure as investors factor immigration‑related hiring constraints
Restriction on green‑card processing may curb expansion plans in the US.
Infosys is listed among firms hit by the US green‑card suspension.
likely pressure as the talent‑mobility pipeline is constrained
Regulatory action could affect staffing and project delivery for Infosys in the US.
Microsoft cites 80% of its H‑1B filings are extensions, highlighting exposure to the PERM freeze.
slight pressure as investors watch immigration policy effects on Microsoft hiring
Microsoft's large US workforce lessens exposure, yet policy change is noteworthy.
Adobe is named among firms affected by the US green‑card suspension.
likely pressure as talent‑mobility constraints could affect US hiring
Regulatory environment may impact Adobe's ability to retain and attract US talent.
Cognizant is among the firms facing the US PERM suspension.
likely pressure as the market prices in reduced immigration pathways
Cognizant's large US workforce makes it sensitive to immigration policy changes.
Market effects
IT services and consulting sector may face broader hiring headwinds in the US.
Potential modest sell‑off in US‑listed Indian IT ADRs.
Highlights immigration policy risk for multinational tech firms.
Counterpoint
Large firms may already have sufficient US talent pipelines, limiting material impact.
Key entities
- governmentIndia Ministry of External Affairs
Issued the diplomatic response condemning the US decision.
- government officialU.S. Vice President JD Vance
Made remarks characterizing foreign professionals as ‘indentured servants’.



