H1B visas not being granted will be a big win for India, says Piyush Goyal
CNBC-TV18 1 hr ago·9 Oct 2026, 2:20 pm
Commerce Minister Piyush Goyal has suggested that the trend of not granting H-1B visas to foreign workers could benefit India. He argues that this situation is accelerating the relocation of technology jobs and business operations to India. This shift is driven by companies recognizing the value of establishing global capability centres domestically.
For investors, this narrative supports the long-term growth story of India's IT and services sectors. It signals a potential structural change in how multinational corporations manage their workforce and innovation hubs. The move towards localizing operations could lead to increased revenue and employment opportunities within the country.
Investors should monitor the volume of new corporate announcements regarding the expansion of global capability centres. Tracking hiring trends and foreign direct investment in the technology sector will provide further evidence of this structural shift.
Excerpt from CNBC-TV18
Published On Oct 9, 2026 | 19:47 IST Last Updated On Oct 9, 2026 | 19:50 IST Commerce Minister Piyush Goyal said H-1B visa curbs could benefit India by boosting remote tech work and accelerating the growth of global capability centres in domestic cities. Not getting more H-1B visas is good for the Indian economy,…Read the original at CNBC-TV18
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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