Wall Street's growing reliance on its Indian hubs — known as Global Capability Centers (GCCs) — for recruiting talent is set to accelerate further, as US President Donald Trump moves to tighten immigration policies and increase the cost of H-1B visas. The move is expected to push big firms to expand their back-office and technology operations in India, where a vast pool of skilled talent and lower costs offer a competitive edge.

This shift is already visible, with major companies expanding their India-based teams. JPMorgan Chase & Co is hiring credit support specialists in Bengaluru to monitor covenant breaches, while Goldman Sachs Group Inc is seeking associates to review loans. Private equity giant KKR & Co is also adding staff to review its portfolio companies, and hedge fund Millenn

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