The end of India’s ‘IT miracle’?
What people don&#x27;t realize is that there are tons of American companies which have offices in Banglore and one in texas or california and nearly all employees are Indian except a few.<p>Those companies are massively profitable but they come across as American. Indian CEOs (somtimes even CEO is American but not having complete control over the corporation) of those companies send American employees for delivering keynotes. There is lots of this perception of being an American firm. But you&#x27;ll be amazed there are many Russian,Chinese,Indian etc... As an American LLC.<p>There is no stripe or Braintree in India.<p>The day these are launched in India, you&#x27;ll see boom in product companies operating entirely out of India till then....<p>Also the best Indian engineers end up working for big companies like FANG.<p>And they do not like putting their lives on stake for startups. So if you&#x27;ll not find them begging for jobs at small companies.