, like delicate plants, thrive in the right conditions. Those include a vibrant private sector, banks that direct capital based on the prospect for profit, analysts with direct access to companies and investors, openness to foreign people and institutions, and business-friendly, consistent laws. For good measure, throw in the cultural amenities that attract the sorts of employees who could choose to live anywhere.
India has long received other countries’ outsourced jobs. Some of those are unsophisticated, such as answering phones or processing forms. Many, however, rely on Indian universities’ remarkable ability to turn out engineers in great numbers, and computing firms’ ability to use them to solve complex problems. Such tasks may be dismissed as “back-office”. But they are at the heart of modern finance.
India’s growing prowess in finance contrasts with its weakness in manufacturing. That is despite constant government intervention, most recently through the “Make in India” campaign launched in 2014 by the prime minister, Narendra Modi.
We’ll know where the water went
Endia is one filthy country.
Another less obvious reason than cost and talent: India is anti-bitcoin and banks are afraid of bitcoin.
Saw that coming...
International banks seeing the opportunity for more victims, which of course means more profit.
The hitler's India..
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Core elements of the global banking industry are moving to IndiaStatistics, data management and cloud-based operations are among its strengths Just get rid of the whole lot of them, put them in prison, the federal reserve in America too. They are nothing more than criminal operations, just like the owners of the economist. But they’re not in the EU 😱 Cost arbitrage! The cycle will take a spin in India too. When doing business in India will be expensive and likes of Philippines will be the new 'blue eyed boy' for these banks!
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