In economic news, major Wall Street financial institutions are expanding operations in India as the U.S. tightens immigration and work-visa policies under the Trump administration. The new visa restrictions have made it harder for highly skilled foreign professionals to work in the U.S., prompting global banks and investment firms to relocate thousands of jobs to Indian cities such as Mumbai, Bengaluru, Hyderabad, and Gurugram.
According to a report, global giants like JPMorgan Chase, Goldman Sachs, and Morgan Stanley are ramping up hiring in India across roles in data analytics, trading support, compliance, and technology development. The move is seen as part of a long-term shift that could make India a key hub for the global financial services industry.
Industry analysts say the shift benefits India immensely by creating high-paying jobs for local professionals and enhancing the country’s reputation as a global finance and technology powerhouse. India’s strong education base, English-speaking talent, and favourable regulatory framework have made it an attractive alternative to traditional finance centres like London and New York.
While the U.S. continues to argue that visa reforms are aimed at protecting domestic jobs, experts warn that such measures could accelerate the offshoring trend, transferring more high-skill employment to emerging markets such as India.
This development aligns with India’s “Make in India” and “Digital India” missions, which aim to increase foreign investment and build global-scale service industries. Economists expect this shift to positively influence India’s GDP and employment figures in the coming years.
