sensenreason
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Infy does have a financial product. Plus there are some very hardcore product development done in Indian Software Development Labs of product dev comps like Microsoft, Yahoo, Google etc.
Microsoft, Yahoo and Google are owned by Americans...and having skill to do R & D versus managing and building, marketing a product are entirely different plays...Lets be honest, Indian IT Industry is primarily services based...If right environment is created product companies can be incubated...but there arent any winner products from India. Sorry.