What is wrong with the Indian IT Industry?

Ok. Controversial topic alert. I agree with a lot of what Rakesh says. Unfortunately a lot of it is true. It is got to do with our mindset and circumstantial presence and we need to change it.

There is only one issue (which I had commented out also in the Slideshare page). I dont see it apt to compare TCS and Infosys with Apple. Not a good apples-to-apples (pun-not-intended) comparison. They are a hardware/software manufacturer while the other two are not. Margins are different etc. Would be fairer to compare with Microsoft or Cisco or one of those guys.