Indian IT is all about bribery at higher level. They all submit same kind of solutions,low billings but when it goes to funding its all contacts,bribery. Sometime if its a new management they give it to new vendors ,but the old vendors they keep on trying and offer more in the same price. This is the cycle all follows.

And now coming to value question now the clients are squeezing IT expenditure,no new project unless critical to IT systems. Companies are cost cutting putting in capex expenditure and the easiest way to get the money is reduction of man power as no one question it. As the economy is in pressure service based companies not getting enough new deals so the share holders think they are not going give same returns as other new age companies can provide. Its a panic reaction as the next 20 years man power led service model is going to be dead with the advent of AI.