Indian IT firms are unlikely to face any near-term fallout from the US suspension of a key green-card programme, as major technology companies have reduced their dependence on this route for employment, analysts said on Friday.
Washington’s move, targeting the Permanent Labor Certification programme, is part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship.
“The development is negative for Indian IT stocks in the near to...