Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries

India’s famed multi-billion dollar information technology (IT) industry has been facing challenging times over the past 6-12 months with top-notch IT companies already facing earnings pressures in recent quarters due to tough business environment prevailing in their most lucrative US and European markets.

“The dependency of US organisations on H1-B is very high. You cannot call Indian companies names simply because the US companies too are benefiting from Indian companies and their Indian employees working on US soil,” said Sanchit Vir Gogia – Chief Analyst and CEO, Greyhound Research.

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