India, Nov. 10 -- If the US approves a new law that targets outsourcing, qualified Indian professionals who are currently struggling with the recently levied $100,000 H-1B visa fees may soon face another hurdle. The proposed Halting International Relocation of Employment (HIRE) Act 2025 might significantly reduce the need for Indian talent by imposing a 25% tax on US firms that pay foreign workers for services rendered within America.

Speaking in an interview with DeKoder, former RBI Governor Raghuram Rajan expressed serious concerns about Trump's tariffs expanding beyond goods to services.

Rajan is worried about a proposed US measure that would tax the profits of US businesses that recruit foreign workers, which might have a big impact...