I also do not understand why Indian consultancies need to be demonized so much. Their practices might be a bit shady but then as the complexity of law grows the value of pushing the limits of law also goes up.

1. Indian consultancies have provided valuable labor in large quantity to US firms. 2. This has helped US firms remain competitive in the world. From ATT or Bank of America to Toyota and Sears everyone has super large outsourcing centers in India which help them keep costs low for American consumers. 3. Cheap labor with high skills coming to USA is a good thing. It makes the economy get more efficient and grows the size of pie where everyone gets employed. 4. US Tech sector has outperformed all sectors in terms of both growth and employment numbers. Most of the H1Bs goes to tech companies and guess what ? They have the lowest unemployment rate.

There are no job losses because of H1B. If H1B program is completely shut-down US economy would take a pretty bad hit and total number of jobs in USA will go down and more jobs will simply move to India.