IT firms formed cartel to keep entry-level salary low: Pai
Former Infosys CFO Mohandas Pai has alleged that big Indian IT companies have formed a cartel to keep salary of entry-level engineers low. Calling the situation ethically and morally wrong, he said stagnant entry-level salary has led to bright minds not joining the IT industry. "They can afford to pay better salary...They have to learn to adjust," Pai added.