H1-B visa suspension to cost Indian IT firms ₹1,200 cr: CRISIL

US' decision to suspend H1-B visas will cost Indian IT firms ₹1,200 crore and have a marginal 0.25%-0.30% impact on profitability, CRISIL said. Latest H1-B visa issuances contribute less than 5% of US onshore workforce of the top 5 listed Indian IT firms. US President Donald Trump has suspended H1-B visas till 2020 end to open jobs for local workers.