New Delhi, Sep 25, 2025

The US government’s decision to impose a $1 million fee on new H‑1B visas for foreign workers will likely reduce the operating margins of Indian IT services companies by only 10 to 20 basis points next fiscal year, with firms likely passing some costs to clients, a report said on Thursday.

India’s leading IT exporters, with operating margins of around 22 per cent last fiscal year, are expected to pass on 30 to 70 per cent of the incremental costs to customers, a report from research firm Crisil Intelligence said.

India’s IT services industry is expected to reel in $143-145 billion this fiscal year, marking a revenue growth of 2-4 per cent over last fiscal year, followed by a year of marginal or flat growth, the report said.

The US government clarified that the d

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