Indian Economy

[ezsasa]

I'm more disappointed by the fact that we haven't achieved anything noteworthy on IT and tech front despite this sector being one of the first to get big.

Alot of these firms like Infosys, tcs should have developed a half decent proprietary software by now. I can't imagine why none of the big it firms haven't tried to be like tencent, who started out creating a small Messenger app and now own large ownership in bunch of popular online games.

Eastern Europe is booming with game dev with stuff like STALKER, escape from tarkov. Non existent r&d in this sector makes no sense other than , these firm think cause nobody in indian Market for being big for much video games ( kind of a half truth ) .

There is a pretty popular linux distro called whose primary devs and overall founder are indian. It's called Garuda os, pretty popular in linux gaming side. Remember "Hike messenger" , pretty sad story, it was popular among teens and millennials back in the day, had alot of good features, but because whatsapp had facebook, it gained more general audience outside the young modern folk sphere and hike had to shutdown in 2021.

infy and TCS have their own softwares, they are sold around the world, look it up.

you seem to be confusing IT services companies with customer facing product companies, two different business models.

 

[eastern_bhartiya]

Even when I was in college nibbers that got placed in one of the big IT companies were given a crash course with a test at the end of it. Those who did not pass had their offer letters rescinded. This is pretty normal. The number of guys just doing a job and waiting for MBA/govmint jobs in these IT companies is actually insane.

Kind of chicken and egg issue, nobody takes these firms seriously and in turn they have to come up with tests to have minimum competent people working for them.

Anyways india got shortage of Cybersecurity professionals in mid and higher levels like system security, database warehousing and I don't hear anyone trying to get into these fields, even every shitty online course it just webdev or data science.

 

[eastern_bhartiya]

infy and TCS have their own softwares, they are sold around the world, look it up.

you seem to be confusing IT services companies with customer facing product companies, two different business models.

I was talking about mass consumer software, we have small players like zoho with zoho office suite that our college recently adopted. Everyone was surprised cause nobody had heard of them.

Postman is another company with absolutely great product, that is simplified api manegement. US companies actually end up acquiring alot of good indian products based tech companies, and that's why we never hear about them.

 

[ezsasa]

I was talking about mass consumer software, we have small players like zoho with zoho office suite that our college recently adopted. Everyone was surprised cause nobody had heard of them.

Postman is another company with absolutely great product, that is simplified api manegement. US companies actually end up acquiring alot of good indian products based tech companies, and that's why we never hear about them.

zoho has 8000 cr revenue and 2800 cr profit.
that's not a small player.

 

[FalconSlayers]

zoho has 8000 cr revenue and 2800 cr profit.
that's not a small player.

Domestically yes, but would be desirable if they eat up a larger chunk of global market.

 

[eastern_bhartiya]

View: https://x.com/DivaJain2/status/1887311539608203747

Data localisation gaya tel lene, they can still analyze behaviour patterns of our awaam. Openai just found the biggest source of data for their models. Hope GoI is cautious. This can also be a strategic move to kill any LLM research in India in infancy.

Overall Us techbros are not trustworthy.

 

[SKC]

Reasoning given is apparently failing evaluation test, real reason is probably that they just want to lay them off and create this facade

Even when I was in college nibbers that got placed in one of the big IT companies were given a crash course with a test at the end of it. Those who did not pass had their offer letters rescinded. This is pretty normal. The number of guys just doing a job and waiting for MBA/govmint jobs in these IT companies is actually insane.

As Karn mentioned above, 90% of the fresher have to go through mandatory 3-4 month training period. Throughout the training there are assessments and then there is one main assessment at the end and the trainees need to clear by atleast 75-80% score.

This is happening since ages and I also did go through this when I started.

If you have spent 3-4 years in technical degree/diploma course and then you fail after 3–4-month training with the company, then you don't deserve to be employed by one.​

 

[SKC]

Domestically yes, but would be desirable if they eat up a larger chunk of global market.

I think it became the first Indian product based company to do $1B in sales in 1 calendar year. Zoho and Freshworks are one of the very few who can grow like Big Tech of US.​

 

[SKC]

I was talking about mass consumer software, we have small players like zoho with zoho office suite that our college recently adopted. Everyone was surprised cause nobody had heard of them.

Postman is another company with absolutely great product, that is simplified api manegement. US companies actually end up acquiring alot of good indian products based tech companies, and that's why we never hear about them.

We have our own strength! Our strength is providing IT services to companies around the world. We becoming the world leader in IT space is our achievement.
Also, if everyone was surprised about Zoho then it more of your and your college's problem. Zoho has crossed over $1B sales recently. I am myself using their suite for over 5 years.​

 

[eastern_bhartiya]

As Karn mentioned above, 90% of the fresher have to go through mandatory 3-4 month training period. Throughout the training there are assessments and then there is one main assessment at the end and the trainees need to clear by atleast 75-80% score.

This is happening since ages and I also did go through this when I started.

If you have spent 3-4 years in technical degree/diploma course and then you fail after 3–4-month training with the company, then you don't deserve to be employed by one.​

Makes sense, people treat engg as pretty much the default degree. Most people join cse for the sake of it.

 

[SKC]

Makes sense, people treat engg as pretty much the default degree. Most people join cse for the sake of it.

I forgot to mention the remaining 10% of freshers. These luck 10% get direct Line of Business i.e. they get deployed into projects directly without going through the training period.​

 

[Hari Sud]

India and Reverse Engineering: The OEM Dilemma

India often faces challenges in acquiring the right technology to manufacture its own hardware and develop software. Original Equipment Manufacturers (OEMs) are generally unwilling to share their technology, as they have invested significant time and money in its development. When they do agree to disclose it, they charge a fees commonly known as a license fee.

Historically, India has relied on purchasing technology from OEMs through these license fees whenever setting up factories or acquiring computer software. This policy has been largely successful, as it helps India avoid major copyright litigation. While minor instances of copying have occurred, they have had little consequence. As a democratic country with a free press, India would face serious legal repercussions if any infringement were discovered, especially depending on the scale and value of the copied technology. Therefore, as a matter of policy, paying license fees has been considered both legitimate and beneficial. It also allows Indian businesses to maintain direct contact with OEMs, receive ongoing technical support, and ensure product quality that is comparable to the original.

In contrast, China has taken a different approach, mastering the art of copying and reverse engineering over the past 25 years. China has benefited from a massive influx of free technology from the U.S., along with substantial Foreign Direct Investment (FDI). Western countries, including the U.S., reluctantly provided technology to China to maintain the quality of Chinese-manufactured goods, which they needed for their own markets. This arrangement worked well for China.

However, China was more ambitious and sought access to every aspect of Western technology including military technology, which the West would never willingly share. This is where China’s large-scale copy-and-reverse-engineering strategy emerged. As a tightly controlled society, China can effectively conceal such practices from the outside world. Over the past two decades, the Chinese government has built an extensive bureaucracy dedicated to copying and reverse engineering. Additionally, Chinese students who return home after studying abroad, particularly in the U.S., are often recruited to leverage their expertise. Today, China’s capability in reverse engineering is so advanced that it can replicate virtually anything in a short period. Even military technologies from around the world have been copied, providing China with a significant cost advantage often producing goods at half the price of their Western counterparts. While quality issues remain, particularly in military equipment, China is actively working to improve them.

India technically has the option to adopt a similar approach but has chosen not to. In an open and democratic society like India, secrecy is difficult to maintain, and any instance of unauthorized copying would eventually be exposed. If discovered, OEMs would withdraw their support, and India would risk becoming an untrustworthy state, limiting its ability to do business with global partners. In contrast, China’s strict control over information allows it to avoid such consequences.Therefore, India’s policy of discouraging copying and reverse engineering is the right one except in a few critical areas, such as military technology, where OEMs refuse to share their expertise under any circumstances.

 

[Indianhawk]

your family is stopping you from taking risks is it?

I have taken risk. Gave up high package software jobs. Didn't join upsc assistant commandant. Didn't fall for state psc. Started my own solar business.
Now have installed 100s of plants.

But yes my family didn't really appreciated my days of unemployment and initial struggle of a new business. Now did the society around me.

Society uncle's still brag to me about there son's who have joined some mnc or have gone to foreign for there jobs or have become some patawari , deputy collector or even IAS.

They still think these are better off then me.

So while I have immense self satisfaction and my networth may soon be beyond the league of any salaried guys yet the society around me will not value my risk taking untill I start to openly show off with luxury things which is not in my nature.

I can type this here since it's an anonymous forum. But you get the gist.

I actually enjoyed it. People underestimating me. But that's not easy for everyone.

Why do you think millions of youth waste most of their energetic years chasing after mundane govt jobs.

We are still a very scared society where security is paramount.
And as jiddu Krishnamurthy once said " the very search for security makes you insecure."

The few of us who can live in insecurity and have patience will reap the rewards of largest wealth creation story on planet.

But most of us will have the face the ridicule of our families and societies first.

Rant/ monologue ends here.
Do not take this seriously.