Indian Tech scene is so depressing tbh

[Jason Voorhees]

This is micromax. In the early 2000s it was one of the biggest smartphone companies in the world. In the top 10 with more than 100 billion dollars in revenue with practically unlimited R and D budget but what did they do with so much money. Just bought cheap ass phones from china and sold it in India at a mark up Worked for a few years but how long can you fool customers so it went bankrupt and tanked in the stock market

Remember HCL? One of the biggest computer manufacturers in the world at a time.. Again billions of dollars at disposal but what did they do? Refuse to innovate and just used all that money to line up the execs pockets and as result it was bullied out of the market

Recently Flipkart. A global e-commerce giant that rivaled Amazon in terms of sales and revenue just got moved to Singapore and sold to investors because the founder didn't want to expand and settled for a couple of billion dollars

All these companies that I mentioned above had the potential to become global players rivaling tech giants from silicon valley but they all failed in the long run.

Imo the main reason for this is the Indian mindset. Indian founders and tech companies are too greedy. They work on survivalist agenda and only prioritize short term profits instead of long term growth.

Indian startup founders raise just enough money and make it anbIPO or sell it to another parent company for a couple of billion dollars and retire. They don't want to take risks because Indians being risk averse people don't want to do it because they are afraid to fail

I'm not saying it always works out but risks and placing your bets is what creates mega corporations like Apple, Microsoft, Tesla. All of these companies were on the brink of collapse and bankruptcy at one point but their founders never lost confidence in their products and rose to the top. What is needed are visionaries like Steve jobs, Bill Gates, Elon Musks not people with this cheap curry mindset. All of the IT sector in curryland is for this reason service based because it is easy, high profit and low effort.

Not to mention Indian companie pay peanuts to their employees. Just look TCS, Wipro. All to maximize profits while foreign companies exploit this pay gap by building huge offices in Mumbai, Hyderabad and employeeing the best engineers in the country with good salaries and then grow.

Literally all the companies that came to my tier 1 uni were foreign.

You name the company and they came. Apple, Microsoft, Netflix, Tesla, AMD, Nvidia, Amex, Goldmann Sachs, JP Morgan. List goes on. all of them came to my uni that is in the middle of nowhere lining up at the placement centre eagerly looking for new employees and then swooped in, took the best talent in large placement drives, paid them a fat compensation that made people happy and left. They will all now profit off of these guys . Just like that top talent gone out of the country. Only 2 Indian companies came meesho and Blinkit with decent pay that's it. Even I'm myself an example I worked for an American company MNC why wouldn't I? I got paid 4-5x what Indian companies normally pay

So this is the tech scene in India rn. Companies refusing to take risks and getting destroyed by competition due to lack of Innovation and them paying their employees peanuts so the best talent flocks to foreign companies. This is how it is. Everything is there. Billions of dollars of revenue, huge talent pool but the only thing stopping them all is this cheap stingy curry mindset. As the Indian Google CEO said

'What Indian tech entrepreneurs needs the most rn is the silicon valley's YOLO mindset"

 

[Jason Voorhees]

@Chadeep @FaceandBBC

 

[Chadeep]

 

[TotalFrontier]

what you're talking about is brain drain and the reason why third world will always be poor worthless brokies with shit countries

anyone ethnic half a brain is snatched up by the west and used to maxx out western companies and build western countries

third world doesnt stand a chance

 

[Jason Voorhees]

what you're talking about is brain drain and the reason why third world will always be poor worthless brokies with shit countries

anyone ethnic half a brain is snatched up by the west and used to maxx out western companies and build western countries

third world doesnt stand a chance

Brain drain can be stopped if the rich and elite were interested in growth of company instead of their personal Swiss bank account. It's not like Indian companies don't have money they are just too greedy

 

[Chadeep]

Brain drain can be stopped if the rich and elite were interested in growth of company instead of their personal Swiss bank account. It's not like Indian companies don't have money they are just too greedy

Most Indian Billionaire are from Traditional Businesses. You have higher chance of success with paan Masala Business than tech.

 

[Fusionxz]

who needs more mega corporations bhai

 

[Jason Voorhees]

@Corleone @Swarthy Knight @VV62 @menas

 

[Jason Voorhees]

@AuraMaxxing @browncurrycel @iblamechico

 

[luca_.]

Bump

 

[Corleone]

Interesting read. I always wondered why none of the Indians who worked in elite tech companies in the U.S. ever went back to start their own IT giants, in a country of no less than 1,5 billion people.

The inherent risk-aversion of indian society seems to be a good explanation; why give up a cushy $200-300k/year job in the U.S. to risk it all by starting something of your own in India?

 

[Jason Voorhees]

Interesting read. I always wondered why none of the Indians who worked in elite tech companies in the U.S. ever went back to start their own IT giants, in a country of no less than 1,5 billion people.

The inherent risk-aversion of indian society seems to be a good explanation; why give up a cushy $200-300k/year job in the U.S. to risk it all by starting something of your own in India?

You hit the nail on the head. Curries just don't want to take any risks. It's probably the colonial mindset.

 

[Corleone]

You hit the nail on the head. Curries just don't want to take any risks. It's probably the colonial mindset.

True, another valid point could be a colonialist mindset and the subservience of the Indian government to specifically Western powers.

China arguably started out from a similar place like India, but despite its growth over the last four decades being reliant on trade with the West, it never gave up its sovereignty and constrained Western IT giants' reach in their country, and allowed for a domestic industry to grow and flourish, to the point where they are now able to rival western IT companies.

I don't fault India or Indian people either; Europeans, just like Indians, are a defeated people and totally subservient to the U.S. hegemon in the realm of IT businesses. There are only a handful of global IT players from Europe, which is a shame.

 

[Askeladd93270]

So that proves you can get a extremely vague business idea and just do it,

 

[Chadeep]

Interesting read. I always wondered why none of the Indians who worked in elite tech companies in the U.S. ever went back to start their own IT giants, in a country of no less than 1,5 billion people.

The inherent risk-aversion of indian society seems to be a good explanation; why give up a cushy $200-300k/year job in the U.S. to risk it all by starting something of your own in India?

Even after paying 40% taxes in India. You don't get any benefits be it healthcare or Unemployment.

 

[Corleone]

Even after paying 40% taxes in India. You don't get any benefits be it healthcare or Unemployment.

That's ridiculous, you're basically slaves. How do they justify charging you taxes if they don't provide anything in return?

 

[Foreverbrad]

That's ridiculous, you're basically slaves. How do they justify charging you taxes if they don't provide anything in return?

Do taxes need to be justified?

 

[Jason Voorhees]

Do taxes need to be justified?

Only if benefits exist

 

[Jason Voorhees]

@childishkillah @grilldaddy❤️ @kurd @wishIwasSalludon

 

[aladdinmaxxer]

This is micromax. In the early 2000s it was one of the biggest smartphone companies in the world. In the top 10 with more than 100 billion dollars in revenue with practically unlimited R and D budget but what did they do with so much money. Just bought cheap ass phones from china and sold it in India at a mark up Worked for a few years but how long can you fool customers so it went bankrupt and tanked in the stock market

View attachment 4072375View attachment 4072361

Remember HCL? One of the biggest computer manufacturers in the world at a time.. Again billions of dollars at disposal but what did they do? Refuse to innovate and just used all that money to line up the execs pockets and as result it was bullied out of the market

View attachment 4072367View attachment 4072366

Recently Flipkart. A global e-commerce giant that rivaled Amazon in terms of sales and revenue just got moved to Singapore and sold to investors because the founder didn't want to expand and settled for a couple of billion dollars

View attachment 4072374

All these companies that I mentioned above had the potential to become global players rivaling tech giants from silicon valley but they all failed in the long run.

Imo the main reason for this is the Indian mindset. Indian founders and tech companies are too greedy. They work on survivalist agenda and only prioritize short term profits instead of long term growth.

Indian startup founders raise just enough money and make it anbIPO or sell it to another parent company for a couple of billion dollars and retire. They don't want to take risks because Indians being risk averse people don't want to do it because they are afraid to fail

I'm not saying it always works out but risks and placing your bets is what creates mega corporations like Apple, Microsoft, Tesla. All of these companies were on the brink of collapse and bankruptcy at one point but their founders never lost confidence in their products and rose to the top. What is needed are visionaries like Steve jobs, Bill Gates, Elon Musks not people with this cheap curry mindset. All of the IT sector in curryland is for this reason service based because it is easy, high profit and low effort.

Not to mention Indian companie pay peanuts to their employees. Just look TCS, Wipro. All to maximize profits while foreign companies exploit this pay gap by building huge offices in Mumbai, Hyderabad and employeeing the best engineers in the country with good salaries and then grow.

Literally all the companies that came to my tier 1 uni were foreign.

You name the company and they came. Apple, Microsoft, Netflix, Tesla, AMD, Nvidia, Amex, Goldmann Sachs, JP Morgan. List goes on. all of them came to my uni that is in the middle of nowhere lining up at the placement centre eagerly looking for new employees and then swooped in, took the best talent in large placement drives, paid them a fat compensation that made people happy and left. They will all now profit off of these guys . Only 2 Indian companies came meesho and Blinkit with decent pay that's it. Even I'm myself an example I worked for an American company MNC why wouldn't I? I got paid 4-5x what Indian companies normally pay

View attachment 4072384View attachment 4072385View attachment 4072386View attachment 4072387View attachment 4072388View attachment 4072389View attachment 4072390View attachment 4072391

So this is the tech scene in India rn. Companies refusing to take risks and getting destroyed by competition due to lack of Innovation and them paying their employees peanuts so the best talent flocks to foreign companies. This is how it is. Everything is there. Billions of dollars of revenue, huge talent pool but the only thing stopping them all is this cheap stingy curry mindset. As the Indian Google CEO said

'What Indian tech entrepreneurs needs the most rn is the silicon valley's YOLO mindset"

True, another valid point could be a colonialist mindset and the subservience of the Indian government to specifically Western powers.

China arguably started out from a similar place like India, but despite its growth over the last four decades being reliant on trade with the West, it never gave up its sovereignty and constrained Western IT giants' reach in their country, and allowed for a domestic industry to grow and flourish, to the point where they are now able to rival western IT companies.

I don't fault India or Indian people either; Europeans, just like Indians, are a defeated people and totally subservient to the U.S. hegemon in the realm of IT businesses. There are only a handful of global IT players from Europe, which is a shame.

Even after paying 40% taxes in India. You don't get any benefits be it healthcare or Unemployment.

maybe we cant create top global companies from india but can sneak our way to silicon valley and then start a global startup like arvind srinivas ceo of perplexity.....
just like the usa olympiad teams are dominated by gooks and curries instead of white americans

 

[Corleone]

maybe we cant create top global companies from india but can sneak our way to silicon valley and then start a global startup like arvind srinivas ceo of perplexity.....

You'll be a slave to Western capital and have to act in America's security interest if you build your company in the U.S.

just like the us olympiad teams are dominated by gooks and curries instead of white americans

They are smart people, but inherently risk-averse and thus subservient. You make great workers and, even sometimes CEOs of a cash-cow company that doesn't need to innovate anymore, because you excel at following orders from the owners.

With crazy white risk-seeking American CEOs you always have an agency problem.

 

[robtical]

But government doesn't support too, is corrupt and high tax-rate too. You are competing to be lackey of politicians. It is smart to sell as exit strategy than stay, try to grow big and odds keep growing against you.

 

[childishkillah]

This is micromax. In the early 2000s it was one of the biggest smartphone companies in the world. In the top 10 with more than 100 billion dollars in revenue with practically unlimited R and D budget but what did they do with so much money. Just bought cheap ass phones from china and sold it in India at a mark up Worked for a few years but how long can you fool customers so it went bankrupt and tanked in the stock market

View attachment 4072375View attachment 4072361

Remember HCL? One of the biggest computer manufacturers in the world at a time.. Again billions of dollars at disposal but what did they do? Refuse to innovate and just used all that money to line up the execs pockets and as result it was bullied out of the market

View attachment 4072367View attachment 4072366

Recently Flipkart. A global e-commerce giant that rivaled Amazon in terms of sales and revenue just got moved to Singapore and sold to investors because the founder didn't want to expand and settled for a couple of billion dollars

View attachment 4072374

All these companies that I mentioned above had the potential to become global players rivaling tech giants from silicon valley but they all failed in the long run.

Imo the main reason for this is the Indian mindset. Indian founders and tech companies are too greedy. They work on survivalist agenda and only prioritize short term profits instead of long term growth.

Indian startup founders raise just enough money and make it anbIPO or sell it to another parent company for a couple of billion dollars and retire. They don't want to take risks because Indians being risk averse people don't want to do it because they are afraid to fail

I'm not saying it always works out but risks and placing your bets is what creates mega corporations like Apple, Microsoft, Tesla. All of these companies were on the brink of collapse and bankruptcy at one point but their founders never lost confidence in their products and rose to the top. What is needed are visionaries like Steve jobs, Bill Gates, Elon Musks not people with this cheap curry mindset. All of the IT sector in curryland is for this reason service based because it is easy, high profit and low effort.

Not to mention Indian companie pay peanuts to their employees. Just look TCS, Wipro. All to maximize profits while foreign companies exploit this pay gap by building huge offices in Mumbai, Hyderabad and employeeing the best engineers in the country with good salaries and then grow.

Literally all the companies that came to my tier 1 uni were foreign.

You name the company and they came. Apple, Microsoft, Netflix, Tesla, AMD, Nvidia, Amex, Goldmann Sachs, JP Morgan. List goes on. all of them came to my uni that is in the middle of nowhere lining up at the placement centre eagerly looking for new employees and then swooped in, took the best talent in large placement drives, paid them a fat compensation that made people happy and left. They will all now profit off of these guys . Only 2 Indian companies came meesho and Blinkit with decent pay that's it. Even I'm myself an example I worked for an American company MNC why wouldn't I? I got paid 4-5x what Indian companies normally pay

View attachment 4072384View attachment 4072385View attachment 4072386View attachment 4072387View attachment 4072388View attachment 4072389View attachment 4072390View attachment 4072391

So this is the tech scene in India rn. Companies refusing to take risks and getting destroyed by competition due to lack of Innovation and them paying their employees peanuts so the best talent flocks to foreign companies. This is how it is. Everything is there. Billions of dollars of revenue, huge talent pool but the only thing stopping them all is this cheap stingy curry mindset. As the Indian Google CEO said

'What Indian tech entrepreneurs needs the most rn is the silicon valley's YOLO mindset"

The government should provide incentives for talent and companies in the technology sector if they truly want to boost it as a strategic sector. They have a talent pool almost as large as the Chinese, but they can't compete in even a quarter of China's sectors. I know the economy is a limitation, but it doesn't make sense to have so many qualified people (in absolute, not relative, terms) wanting to boost the technology sector, especially the semiconductor sector, and then allow this brain drain and do nothing.

 

[browncurrycel]

This country is the biggest shit hole for young people that want to grow.

You're fucked regardless of whether you want to be an entrepreneur or have a good career.

Side note: even the e20 pil got dismissed in supreme court. @Chadeep

I should find some way to move out too

 

[browncurrycel]

The government should provide incentives for talent and companies in the technology sector if they truly want to boost it as a strategic sector. They have a talent pool almost as large as the Chinese, but they can't compete in even a quarter of China's sectors. I know the economy is a limitation, but it doesn't make sense to have so many qualified people (in absolute, not relative, terms) wanting to boost the technology sector, especially the semiconductor sector, and then allow this brain drain and do nothing.

Half their incentives are pocketed by some MLA

 

[Chadeep]

This country is the biggest shit hole for young people that want to grow.

You're fucked regardless of whether you want to be an entrepreneur or have a good career.

Side note: even the e20 pil got dismissed in supreme court. @Chadeep

I should find some way to move out too

And people wonder why Indians Emigrate en masse.

 

[Jason Voorhees]

@KT-34 @Lefty Rankin

 

[Jason Voorhees]

@Chinacurry @PsiIocybin @Rxna

 

[Willmogulater]

Nigga if u r earning so much 200 to 300k in usd why should u take risk, risk for what? Profit? If u want to take a risk don't do it for money do it for something u like

 

[kingofkings]

High IQ topic

 

[Jason Voorhees]

@MiserableMan @Jatt

 

[MiserableMan]

Greed and incompetent politicians are the biggest problem.

 

[KT-34]

Imo the main reason for this is the Indian mindset. Indian founders and tech companies are too greedy. They work on survivalist agenda and only prioritize short term profits instead of long term growth.

This

It's usually what happens to third world countries' companies, they all start with the mentality to try to survive given their conditions so very few of them expand properly

 

[Luquier]

Giga high IQ thread. Initially looks brutal, but at least Western industries and jobs are getting outsourced to India. Isn’t that still a W for curries?

 

[mirinturbolowinhib]

This looks super motivating.