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US visa fee hike to cost $100-250 million for IT companies: Moody's
Moody's estimates that the recent hike in US H-1B visa fees could raise costs for Indian IT companies by $100-250 million, or about 1% of their revenues. While large firms can absorb the impact, smaller companies may face pressure due to rising AI investments. This development is significant for exam preparation as it highlights the impact of global policy changes on the Indian IT industry, a key sector for the economy.
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