The consumer price index, the main policy target of the RBI, likely rose 1.87% in July from a year earlier, compared with an increase of 1.54% in June.
In its mid-year economic survey, chief economic adviser Arvind Subramanian said there were downside risks to the official growth forecast of 6.75-7.5% for the fiscal year to March 2018.
The H-1B visa for skilled workers in the US is one that many IT companies like Tata Consultancy Services and Infosys rely upon heavily.
Ruling out any further slippage in the timeline, finance minister Arun Jaitley said Indian small business has been given enough time to prepare.
Despite the strong mandate, Modi still faces a struggle to implement reforms to boost growth and jobs.