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Trump H-1B Fee Hike Spurs Wall Street Shift to India

11/13/2025

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Summary

Story summary

The U.S. President Donald Trump increased H-1B visa fees to $100,000, affecting Wall Street hiring.
JPMorgan Chase, Goldman Sachs, and Morgan Stanley are expanding operations in Bengaluru and Mumbai to access skilled talent and lower costs.
Global Capability Centers across India now employ more than 150,000 professionals.
By 2030, India's GCC industry is projected to generate $100 billion in annual revenue.

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Story summary

The U.S. President Donald Trump increased H-1B visa fees to $100,000, affecting Wall Street hiring.
JPMorgan Chase, Goldman Sachs, and Morgan Stanley are expanding operations in Bengaluru and Mumbai to access skilled talent and lower costs.
Global Capability Centers across India now employ more than 150,000 professionals.
By 2030, India's GCC industry is projected to generate $100 billion in annual revenue.