H-1B visas: Approvals for Indian IT companies half since 2015! Elon Musk’s Tesla exhibits important improve

H-1B visa approvals: Indian-based IT companies skilled a big decline in H-1B visa approvals, with seven main firms receiving 7,299 petitions for brand spanking new employment in fiscal 12 months 2024, in comparison with 14,792 in FY2015, as revealed by the Nationwide Basis for American Coverage’s evaluation of US knowledge.
The permitted petitions constituted 5.2% of complete approvals and 0.004% of the US civilian workforce. FY24 witnessed low H-1B denial charges at 2.5%, displaying a slight discount from 3.5% in FY23.
Based on an ET report, the evaluation suggests potential will increase in denial charges if Trump’s administration implements stricter insurance policies.

H-1B petitions

Amazon led with 3,871 permitted preliminary employment petitions in FY24, adopted by Cognizant (2,837), Infosys (2,504), TCS (1,452), IBM (1,348), Microsoft (1,264), HCL America (1,248), Google (1,058), Capgemini (1,041) and Meta Platforms (920).
Tesla demonstrated notable progress in H-1B approvals, reaching sixteenth place in FY24 with 742 approvals, considerably greater than its earlier figures of 328 in FY2023 and 337 in FY2022.
The corporate sought H-1B visa holders for varied positions in engineering, software program, provide administration and different specialised roles.

H-1B visas: Massive Tech Corporations

The USA maintains an annual cap of 65,000 H-1B visas, plus 20,000 for overseas nationals holding superior levels from US universities.
Skilled, scientific and technical providers dominated FY2024 approvals at 49.1%, adopted by instructional providers (11.9%), manufacturing (9.3%), and well being care and social help (6.5%).