US Inspector General of the United States Department of Labor Anthony D’Esposito on Thursday (Oct 08) reacted with mockery to news of the Indian stock market allegedly collapsing after the Donald Trump administration announced immigration curbs on major IT firms. "Ruh Roh." he said while sharing a post claiming that "The Indian stock market completely COLLAPSED today after the Trump Administration suspended H-1B and foreign labour programs over fraud." But did the Indian share market collapse following the announcement? WION does a fact check.<h2><img src="https://cdn3.wionews.com/prod/wion/images/2026/20261009/image-1791539423460.png"></h2>Also read | <a href="https://www.wionews.com/india-news/deeply-offensive-india-hits-back-at-us-vice-president-jd-vance-for-indentured-labour-remark-1791529828211">'Deeply offensive': India hits back at US Vice-President JD Vance for 'indentured labour' remark</a><h2>US curbs and Indian IT giants</h2>On Thursday, the US put curbs on eight IT firms. The companies named included Indian IT services majors Cognizant, Infosys, Tata, Wipro and HCL, alongside France's Capgemini. US technology companies Microsoft and Adobe were also suspended.US Labour Secretary Keith Sonderling said the companies had collectively sought millions of foreign workers and received hundreds of thousands of H-1B visa approvals and permanent labour certifications. “Since 2009, just these companies alone have requested almost 3 million foreign workers. They received over 230,000 H-1 B visa approvals and over 100,000 permanent labour certifications,” Sonderling said, arguing that the figures represented jobs taken from American workers.Also read | <a href="https://www.wionews.com/world/never-ending-flow-of-cheap-labour-jd-vance-hits-back-at-indian-origin-congresswoman-over-us-green-card-curbs-for-major-tech-companies-1791516363899">‘Never-ending flow of cheap labour’: JD Vance hits back at Indian-origin Congresswoman over US green card curbs for major tech companies</a><h2>What happened to Indian stock markets after the announcement?</h2>D’Esposito has gotten a fact check on X itself, with users pointing out in the community notes below the post that the Indian stock market had closed hours before the Trump administration’s October 8 announcement.On Friday (Oct 09), despite the US announcement, Indian markets opened on a high, with IT stocks witnessing strong buying. According to ANI, the Nifty 50 opened at 22,303.35, gaining 70.55 points or 0.32 per cent, while the BSE Sensex was trading at 71,747.82, up 154.5 points or 0.22 per cent.The Nifty IT index jumped 2.73 per cent, while most other sectoral indices on the NSE also traded in positive territory after losses the previous day (Thursday, Oct 08). Nifty FMCG rose 0.96 per cent, Nifty Private Bank gained 0.56 per cent, Nifty PSU Bank advanced 0.47 per cent, Nifty Metal increased 0.26 per cent, Nifty Pharma rose 0.22 per cent, and Nifty Auto gained 0.12 per cent.&nbsp;

Anthony D’Esposito, a top US official, appeared to mock India after a viral post claimed the Indian stock market had “completely COLLAPSED” following Trump’s latest IT curbs. But there’s a major problem with the claim: the data doesn’t add up. Here’s what the market data shows.

US Inspector General of the United States Department of Labor Anthony D’Esposito on Thursday (Oct 08) reacted with mockery to news of the Indian stock market allegedly collapsing after the Donald Trump administration announced immigration curbs on major IT firms. "Ruh Roh." he said while sharing a post claiming that "The Indian stock market completely COLLAPSED today after the Trump Administration suspended H-1B and foreign labour programs over fraud." But did the Indian share market collapse following the announcement? WION does a fact check. Also read | 'Deeply offensive': India hits back at US Vice-President JD Vance for 'indentured labour' remark US curbs and Indian IT giants On Thursday, the US put curbs on eight IT firms. The companies named included Indian IT services majors Cognizant, Infosys, Tata, Wipro and HCL, alongside France's Capgemini. US technology companies Microsoft and Adobe were also suspended. US Labour Secretary Keith Sonderling said the companies had collectively sought millions of foreign workers and received hundreds of thousands of H-1B visa approvals and permanent labour certifications. “Since 2009, just these companies alone have requested almost 3 million foreign workers. They received over 230,000 H-1 B visa approvals and over 100,000 permanent labour certifications,” Sonderling said, arguing that the figures represented jobs taken from American workers. Also read | ‘Never-ending flow of cheap labour’: JD Vance hits back at Indian-origin Congresswoman over US green card curbs for major tech companies What happened to Indian stock markets after the announcement? D’Esposito has gotten a fact check on X itself, with users pointing out in the community notes below the post that the Indian stock market had closed hours before the Trump administration’s October 8 announcement. On Friday (Oct 09), despite the US announcement, Indian markets opened on a high, with IT stocks witnessing strong buying. According to ANI, the Nifty 50 opened at 22,303.35, gaining 70.55 points or 0.32 per cent, while the BSE Sensex was trading at 71,747.82, up 154.5 points or 0.22 per cent. The Nifty IT index jumped 2.73 per cent, while most other sectoral indices on the NSE also traded in positive territory after losses the previous day (Thursday, Oct 08). Nifty FMCG rose 0.96 per cent, Nifty Private Bank gained 0.56 per cent, Nifty PSU Bank advanced 0.47 per cent, Nifty Metal increased 0.26 per cent, Nifty Pharma rose 0.22 per cent, and Nifty Auto gained 0.12 per cent.

Anthony D’Esposito, a top US official, appeared to mock India after a viral post claimed the Indian stock market had “completely COLLAPSED” following Trump’s latest IT curbs. But there’s a major problem with the claim: the data doesn’t add up. Here’s what the market data shows.

‘Ruh Roh’: Top US official mocks ‘Indian market collapse’ claim after Trump’s IT curbs. But did it? | FACT CHECK

US President Donald Trump on Thursday (Nov 27) declared that he will “permanently pause migration from all Third World countries”. This came after an Afghan national allegedly shot down two National Guard members near the White House. One of the members lost her life while another remains in critical condition. The American president said his plan would include deporting non-citizens who, in his words, fail to contribute or pose security concerns, and cutting off federal benefits for all non-US citizens.&nbsp;USCIS launches full review of green cards from 19 ‘countries of concern’&nbsp;Amid this, the US Citizenship and Immigration Services (USCIS) issued new policy guidance. The agency ordered a comprehensive re-examination of every Green Card belonging to individuals from nations classified as “high-risk”.&nbsp;The 19 countries designated under the updated scrutiny list are: Afghanistan, Myanmar, Burundi, Chad, the Republic of the Congo, Cuba, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Venezuela, and Yemen.&nbsp;What does Third World mean?&nbsp;In posts on Truth Social, Trump said he will &nbsp;“permanently pause migration” from what he described as “Third World Countries.” But the American president did not specify what he meant by "Third World" and which countries fall in that category.&nbsp;If we go to the origin, the term Third World was introduced by French demographer Alfred Sauvy in 1952 during the Cold War. He said that the First World comprised the capitalist bloc (US + Western allies), the Second World comprised the communist bloc (then Soviet Union + its allies), and the Third World comprised those not aligned with either bloc (mostly Asia, Africa, Latin America).&nbsp;However, after the collapse of the Soviet Union in 1991, the term lost its original political intention. In modern times, the term is widely used to refer to countries that are economically disadvantaged or still developing. Although there is no specific list that describes the Third World countries in the modern world.&nbsp;Which are 'least developed countries' as per UN?&nbsp;At present, the United Nations (UN) has designated around 44 states as Least Developed Countries (LDCs). As of December 2024, the LDC list includes 32 in Africa (such as Angola, Ethiopia, Malawi, Rwanda, Uganda, and Zambia), 8 in Asia (including Afghanistan, Bangladesh, Nepal, and Yemen), 1 in the Caribbean (Haiti), and 3 in the Pacific (Kiribati, Solomon Islands, and Tuvalu).

The 19 countries designated under the updated scrutiny list are: Afghanistan, Myanmar, Burundi, Chad, the Republic of the Congo, Cuba, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Venezuela, and Yemen.



US President Donald Trump on Thursday (Nov 27) declared that he will “permanently pause migration from all Third World countries”. This came after an Afghan national allegedly shot down two National Guard members near the White House. One of the members lost her life while another remains in critical condition. The American president said his plan would include deporting non-citizens who, in his words, fail to contribute or pose security concerns, and cutting off federal benefits for all non-US citizens. USCIS launches full review of green cards from 19 ‘countries of concern’ Amid this, the US Citizenship and Immigration Services (USCIS) issued new policy guidance. The agency ordered a comprehensive re-examination of every Green Card belonging to individuals from nations classified as “high-risk”. The 19 countries designated under the updated scrutiny list are: Afghanistan, Myanmar, Burundi, Chad, the Republic of the Congo, Cuba, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Venezuela, and Yemen. What does Third World mean? In posts on Truth Social, Trump said he will “permanently pause migration” from what he described as “Third World Countries.” But the American president did not specify what he meant by "Third World" and which countries fall in that category. If we go to the origin, the term Third World was introduced by French demographer Alfred Sauvy in 1952 during the Cold War. He said that the First World comprised the capitalist bloc (US + Western allies), the Second World comprised the communist bloc (then Soviet Union + its allies), and the Third World comprised those not aligned with either bloc (mostly Asia, Africa, Latin America). However, after the collapse of the Soviet Union in 1991, the term lost its original political intention. In modern times, the term is widely used to refer to countries that are economically disadvantaged or still developing. Although there is no specific list that describes the Third World countries in the modern world. Which are 'least developed countries' as per UN? At present, the United Nations (UN) has designated around 44 states as Least Developed Countries (LDCs). As of December 2024, the LDC list includes 32 in Africa (such as Angola, Ethiopia, Malawi, Rwanda, Uganda, and Zambia), 8 in Asia (including Afghanistan, Bangladesh, Nepal, and Yemen), 1 in the Caribbean (Haiti), and 3 in the Pacific (Kiribati, Solomon Islands, and Tuvalu).

The 19 countries designated under the updated scrutiny list are: Afghanistan, Myanmar, Burundi, Chad, the Republic of the Congo, Cuba, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Venezuela, and Yemen.&nbsp;

USCIS launches full review of green cards from 19 ‘countries of concern’. These are the nations to be affected

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‘Ruh Roh’: Top US official mocks ‘Indian market collapse’ claim after Trump’s IT curbs. But did it? | FACT CHECK

USCIS launches full review of green cards from 19 ‘countries of concern’