I don’t know how things were in India in the 90s. Maybe people who are old enough to have held a job then will tell us. In this decade though, typically, as it happens elsewhere in the world, the senior management of large companies make several speeches that mean nothing every quarter. Among them, those coming from IT companies have won the platitudes beating the politician award repeatedly. Mentions about diversifying in terms of business verticals and geography, much like poverty alleviation, can be predicted to the nearest minute or page.
Thankfully, the boom will end and yuppies with half a job will keep off old money haunts.