How "America First" could turn into "India First".

What is an H-1B visa?

What is an H-1B visa?

America is great because it is ready to accept talented immigrants.

Nandan Nilekani, the co-founder of Infosys Technologies, would say that to President Trump if he had the opportunity.

"If you really want to remain competitive in the US … you should be open to foreign talent," said Nilekani on the sidelines of the CNN Asia Business Forum in Bangalore.

Infosys (INFY) is India's second largest outsourcing company and one of the main recipients of US H-1B visas. The documents allow the technology company to employ a large number of Indians in US jobs.

Trump's administration is currently considering major changes to the Visa program. Press officer Sean Spicer said in January that Trump would continue to talk about reforming the H-1B program, including as part of a larger immigration reform project.

Visa restrictions could hit Indian workers hardest.

India is the primary source of a highly skilled workforce in the US technology industry. According to the US government, 70% of the hugely popular H-1B visas go to Indians.

Two weeks ago, the stocks of several Indian technology companies – including Infosys – collapsed spectacularly as reports of an imminent crackdown on work visas were available.

Related: Tech industry prepares for Trump's visa reform

Nilekani said it would be a mistake for the administration to prevail.

"Indian companies have done a lot to improve the competitiveness of US companies, and I think it should stay that way," said Nilekani. "If you look at Silicon Valley … most companies have a migrant founder."

India's contribution to industry – especially at the highest level – is oversized. The current managing directors of Google (Aco) and Microsoft (MSFT)For example, both were born in India.

Related: India is freaking out about US plans to change highly qualified visas

But Nilekani, who is also the architect of India's ambitious biometric identification program, suggested that India would ultimately benefit from new restrictions introduced as part of Trump's "America First" plan. If talented engineers can't go to the U.S., they stay in India.

"This issue of Visa has been popping up every few years in the United States, especially during the election season," he said. "It actually accelerated development work [in India]because … people invest more to get the job done here. "

Nilekani cited his own projects for the Indian government as an example.

The Bangalore-born entrepreneur left Infosys in 2009 to lead the massive Indian social security program Aadhaar. As a result of this initiative, the vast majority of India's 1.3 billion citizens have a biometric identification number that enables them to receive government services, conduct banking transactions and even make biometric payments.

"It was built by extremely talented and committed Indians," said Nilekani. "Many of them had global experience, but they brought that talent and experience to solve India's problems."

Nilekani said the country's massive youth population is increasingly choosing to stay home and get involved.

"It is India first," he said.

CNNMoney (Bangalore, India) First published on February 13, 2017: 2:19 p.m. ET