India lacks technology companies.

For most part of last decade, product managers commanded a healthy premium in compensation over their business counterparts. This is largely how tech companies globally have operated, and what we have mirrored. But as the Indian tech ecosystem has matured over the last few years, a couple of the underlying assumptions have changed: One, ten years back, there was an explosion of startups and they were all in the market for "experienced product managers", and in a still nascent tech industry, such talent was in scarcity - thus triggering a premium positioning. Now, arguably, the equation has reversed: there are far more people entering the trade / in the profession with <5 years experience, than there are open roles in the market. And more critically, the growth rate of "product positions" has stagnated: particularly since product is a high-leverage function and does not scale linearly with company growth (but instead only with growth in # of companies). Two, most Indian startups / tech companies are not product-led unlike Silicon Valley ventures. Instead, a vast majority are operating businesses. These companies tend to have dedicated business teams who take up primary ownership of the business goals and thus, call the shots. In such setups, product managers play second fiddle as a bridge function to tech. Worse, product managers who scaled in such environments, they end up playing that part too: too focused on tech / design execution with not as much depth on the business understanding. In post-covid boom, we got the tailwind of being an engineering-adjacency in a techno-optimistic market. Now the same tides have turned and as a "generalist tech function", we are under scrutiny for wage-bill pressure. Do you foresee a correction in PM salaries? How soon (1y / 3y / 5y), and to what extent (10% / 20% / 30%) will the market correct itself?

https://youtu.be/lUp5xKvGzDw?si=GVh3pdYnu2uwpVDS Not sure of the authencity of the video. But look at the scale of use of tech.

Hi all, What are some of the Big Tech companies who have *core* global product teams based out of India? Most roles I can find are for charters that are backend internal systems / non-core product streams / customizations for APAC or India. This is understandable since US alongside being their HQ, is also their largest market commercially by far. But was curious to see if there are any teams within Big Tech that are bucking that trend, and are building core products from India offices too. Not restricted to FAANG but to Big Tech at large, including Walmart, Target, Stripe, Uber, Adobe etc.

Not an Anti India or Indian hating post but I work in sales and I’ve discovered that Indians act so entitled as if they’re some high and mighty royals who have transcended from heavens above when interacting with anyone who’s calling them after they themselves requesting for it. Half the times these dumb clowns can’t even articulate 2 sentences together in English and struggle to understand what you try and tell them but act like they know it all. We’ve got to clean up our act as customers and human beings before we make a bigger mockery of ourselves than what’s already out there. No wonder we’re categorised as the cheap hooligan crowd outside.

Let's not rant over filpkart or others as tech startups. They are Tech enabled. Let's share out some tech startups registered on Indian soil with over 100 million dollar revenue. And discuss, why are you not creating one (if you have a vision and figured problem-solution-market)? Eg: China in its developing time had many. Phone companies, circuits companies, gadgets companies, LED TV companies, semiconductors, agritech machines, plane manufacturing companies. Tik tok was a simple idea, literally most of you could have built the tech, couldn't you? Then, still why weren't we able to carry such big vision and execution. India received funds very well to replicate tiktok, yet they failed in execution and differentiation. I struggle to accept a few thoughts; 1) We are less disciplined, less dedicated, and less visionary compared to the general population of China. 2) Maybe we are more western than the western itself. We adopted and copied developed nations present and skipped their past hardwork and dedication. 3) We have grown too practical and not ready to hear impractical ideas. Share yourself similarly on related topics.

Lately, I have been thinking very deeply about my college days when the Flipkart story had inspired the entire lot of my batch at IIT-D. We were starry eyed college kids who wanted to do something innovative in India and break away from the "three" most popular moves after IIT: 1. UPSC 2. MBA 3. MS/PhD abroad I proceeded to then work in various Indian startups and noticed an alarming thing. I began to realise a pattern across all my stints: The initial founding team does exceptional work innovating, they excel at what Thiel calls "Zero to One", the act of creation. I will concede that although most founders fail to innovate by often copying what worked in the west but the initial founding team usually excels in execution. It allows for initial traction as it breathes a fresh breath in the\ space that they are operating in. Almost always, when Product Market Fit is "achieved"(whatever that means), the founders begin to deploy insane amounts of funds into growth. By definition, Growth is not a bad thing. But, I have been noticing that across all startups I have worked at( all raised funds from the largest global funds) that it comes at the expense of product building. And during this era of hypergrowth, the product starts to stagnate while focus becomes marketing and sales. I often felt that this was temporary. That once we reach enough scale, we would start to innovate again. But time and time again, the ability to innovate atrophies over time. Rather than building something that has enduring value by executing faster than anyone, the focus becomes achieving growth at all costs. This ultimately leads to two outcomes: 1. The startup cannot sustain this growth and retention begins to look dire. The churn becomes unbearable and the startup goes out of business. 2. The startup gets acquired by someone bigger, allowing founders and investors to believe that they created value where none existed in the first place. I am completely dejected at this.

Infy TCS wipro never invested in education. They could have at least built colleges instead of research institutes

Question came up because it’s Independence Day 🇮🇳 A lot of us have had the privilege to be able to go abroad, but ended up choosing not to. For me, it was just believing there’s enough growth here in the coming few decades + friends/family Looking to hear if the reduced brain drain is actually true, and what makes people stay.