New Delhi, Sept. 22 -- The United States' decision to impose a steep increase in H-1B visa fees has triggered concerns across Indian industries.

But banking and market expert Ajay Bagga has a different view. Speaking with ANI, Bagga said that the USD 1,00,000 fee for the H1B visa will check the brain drain from India. "Brain drain will reduce, and India will have to find other avenues or productively use these people. This will be an objective for the govt too," he said.

"There are approximately 16,000 Indian-origin doctors working in rural areas in the US. Wide regions in the US are benefiting from H-1B visas," Bagga noted.

He added that in the IT sector, major companies employ between 5,000 and 10,000 workers on H-1B visas. "They wil...