As someone here has already mentioned, it's more likely due more tech and indian tech especially moving towards clouds for the derivative cost savings ( less ma

As someone here has already mentioned, it's more likely due more tech and indian tech especially moving towards clouds for the derivative cost savings ( less manpower ). This happened in the US as well. Lots of IT positions got cut as companies consolidated much of their backend to cloud services. But I wouldn't hold my breath on cheaper indian tech industry losing any steam and I'd still betting H1-B visas are only going to be delayed. India has seen an increase, not a decrease, in FDI ( primarily directed to their tech sector ). It means that foreign companies/governments/etc are still investing in the indian tech sector.