According to him, US economy has become powerful by attracting foreign companies and Indian IT workers complement US workers and not replace them.
H-1B workers replacing Americans have minimal skills and little or no business knowledge, whistleblower Jay B Palmer from Indian IT giant Infosys said and asked lawmakers not to increase the number of much sought-after visas and plug in the loopholes in the immigration system. Reacting to the news, Shivendra Singh, VP - Global Trade Development, Nasscom said immigrants have made a huge impact on the US economy.
According to him, US economy has become powerful by attracting foreign companies. Indian IT workers complement US workers and not replace them, he added.
He believes there is a shortage of IT talent in US.
Infosys stock price
On March 18, 2015, Infosys closed at Rs 2230.20, down Rs 11.75, or 0.52 percent. The 52-week high of the share was Rs 2335.20 and the 52-week low was Rs 1447.00.
The company's trailing 12-month (TTM) EPS was at Rs 104.69 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 21.3. The latest book value of the company is Rs 366.51 per share. At current value, the price-to-book value of the company is 6.08.
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