The year of the tariff

The Trump administration is set to implement an overhaul of the lottery system for H-1B visas, introducing a 'weighted' selection process that prioritizes applicants with higher salaries and greater skills, starting in February. This change aims to enhance the quality of talent entering the U.S. workforce through this visa program.

The US economy experienced a robust growth rate of 4.3% in the third quarter, exceeding expectations primarily due to strong consumer spending. This growth marks a significant rebound, indicating a potential recovery trajectory following previous economic challenges.

Indian Prime Minister Narendra Modi is shifting his focus towards a significant overhaul of the country's economy, motivated by recent political victories and the challenges posed by high U.S. tariffs. This initiative aims to enhance India's economic resilience and competitiveness on the global stage.