India's IT sector is facing a serious threat. 60 per cent of its total earnings from abroad comes from the US, where Indian companies remain in tune with it. US President Donald Trump has allowed his visa rules to start the process of changes that the Indian IT sector has been feeling uneasy for the last one year. A senior official associated with the White House recently said in the name of three major Indian IT companies that companies such as TCS, Infosys and Cognizant are now trying to exploit the existing H-1B visa system and use it to benefit themselves.
Americans are trying to snatch jobs. The said officer also said that the average salaries of software engineers in Silicon Valley are 1 lakh 30 thousand dollars annually, while Indian companies are bringing the software engineer from India to the average annual salary of 60 to 65 thousand dollars. Coincidentally, India's Finance Minister Arun Jaitley is in the US now and he has asked American Commerce Minister Wilbur Ross to talk about the interests of Indian IT companies in the US economy and to take care of his interests. But just like in the US, it is unlikely that Indian companies will be able to retain their strong position in the US on the basis of Indian software engineers working on lower wages. Someone can say that they should take the specialist Indian professionals working on a higher wage to the US and present their claims in high-level software products. But in the case of IT products, then American companies have already flown in the whole world; they are not in a position to compete with Indian companies in that field. Their field of IT is IT services, in which the reason for their good performance is that they, on the strength of their cheap engineers, make those services available at a much lower cost compared to American companies. In this way, we can appeal to the American administration to make a balance between the needs and jobs of our country.
Americans are trying to snatch jobs. The said officer also said that the average salaries of software engineers in Silicon Valley are 1 lakh 30 thousand dollars annually, while Indian companies are bringing the software engineer from India to the average annual salary of 60 to 65 thousand dollars. Coincidentally, India's Finance Minister Arun Jaitley is in the US now and he has asked American Commerce Minister Wilbur Ross to talk about the interests of Indian IT companies in the US economy and to take care of his interests. But just like in the US, it is unlikely that Indian companies will be able to retain their strong position in the US on the basis of Indian software engineers working on lower wages. Someone can say that they should take the specialist Indian professionals working on a higher wage to the US and present their claims in high-level software products. But in the case of IT products, then American companies have already flown in the whole world; they are not in a position to compete with Indian companies in that field. Their field of IT is IT services, in which the reason for their good performance is that they, on the strength of their cheap engineers, make those services available at a much lower cost compared to American companies. In this way, we can appeal to the American administration to make a balance between the needs and jobs of our country.
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