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Repost from Wealth India -Stock Market Updates
🚨 India's REAL Economic Villain Exposed: Our Own IT Giants! 💸
In my view, the biggest culprit behind India's current struggles isn't politics or global slowdowns — it's the Indian IT companies themselves.
They are sitting on MASSIVE cash piles. But instead of investing in AI, data centers, semiconductors or future tech… they’re happily doing buybacks and dividends like it’s 2015.
These companies aren’t tech innovators. They’re just glorified labour contractors.
Exactly like those thekedars who bring cheap labour from Bihar, MP, Chhattisgarh & Bengal. Builder pays ₹12,000 → Contractor pockets ₹3-4k → Labourer gets ₹8-9k.
Same scam, different suit.
Indian IT firms source cheap Indian talent, bill global clients premium dollars, and keep the fat margin. No product, no IP, no skin in the game.
Meanwhile, countries that are actually betting big on AI & emerging tech are getting billions in foreign capital flows.
Our IT giants? Happy being middlemen forever.
When will they wake up? Or are we okay with India becoming the world’s back-office while others build the future? 🔥
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