0307 GMT - A stricter visa scheme that serves as a key route for Indians to work in U.S. tech will have implications for the economy, Capital Economics says. Over 70% of H-1B visa holders are from India and tighter immigration rules could slow the drain of workers to the U.S., increasing India's pool of high-skilled workers, economist Jason Tuvey says. Boosting labor supply could aid productive capacity and, at the same time, push down wage growth. But if emigration does slow, that could weigh on remittance flows, an important source of foreign-currency receipts for India equal to 3.4% of GDP, he says. With the U.S. by far the biggest single source of these flows, a fall relative to GDP would cause the current-account deficit to widen and pressure the rupee, he adds. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 22:07 ET (03:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。