I’ve worked in wholesale finance for decades and seen how these guys are treated both on- and offshore by their employers. It’s frankly despicable.
Let’s hope the market in India finally pivots and smaller, more nimble shops take more and more market share.
That being said, I wonder how much of this is embedded in cultural norms that will not be easy to shake. For example: saying yes to your client’s every request, even if it’s stupid, is not something that comes easily, I suspect, if you’re ingrained to just say yes...