India, July 4 -- After the US Congress cleared President Donald Trump's massive legislation about government spending, focus is now on its impact not only in the US but on the world. For India, one of the most visible and direct impacts will be on remittances, that is, the money sent to or invested in India by NRIs. Migration is also in focus.

Since the 900-page details of what Trump has named 'One Big Beautiful Bill' are now in, let's break down the immediate impact on Indians.

The originally proposed 5 per cent tax on remittances sent from US to foreign countries was slashed to just 1 per cent in the final draft, which has now passed. There are about 4.5 million or 45 lakh Indian citizens or persons of Indian origin in the US, many of...