> Most famous Indian IT companies are mostly Human Resource Management company optimised for cost arbitrage between the salary in India vs US (and other develop

> Most famous Indian IT companies are mostly Human Resource Management company optimised for cost arbitrage between the salary in India vs US (and other developed places). I think you're ignoring the changing tech landscape in India - the same cost arbitrage that allowed IT outsourcing is now being used to build capital efficient tech startups who get much longer runway on the dollar compared to startups in the US or Europe. Of course, finding a Western market for most Indian startups is still very challenging, but I expect this model to become more successful over time.