A new tax proposal in the United States is raising concerns within the Indian community and economic circles in New Delhi. The proposed 5 percent tax on money sent abroad by non-US citizens, especially affecting many Indians on H-1B visas, could negatively impact millions of families in India who depend on these remittances for daily needs. Experts warn that if this tax is implemented, it could reduce India’s remittance flows by billions of dollars, weaken the value of the rupee, and strain household incomes, particularly in states like Kerala and Uttar Pradesh.
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