This is a rather stupid take.
I've never hired an engineer from these giants
One month of experience in my org is worth several years of experience at these 'training institutions'.
When these things die, there will be no easy path for Indians. Adapt or perish.
India's IT industry didn't just happen because Indian engineers were cheaper.
It happened because entrepreneurs like Murthy, Premji, Nilekani etc made it happen.
They trained millions of people and made them software engineers and won the trust of enterprise clients in the west that we could build and run complex systems for them. Otherwise there were many other countries with cheap talent pools.
I am betting that India's entrepreneurs will rise to the occasion again and millions of our engineers armed with AI will create a much bigger impact this time.