RE: Where's the long-touted raise?10 Jul 2025 08:17
I wouldn't be surprised if stock bashing boiler rooms exist in India. When UK customers had a backlash against companies outsourcing call centres to India, a load of these call centres were closed down. A lot of time and effort had been spent in training young Indians to speak good English, to understand the UK customer etc, and then suddenly many sadly lost their jobs.
This is why unfortunately a lot of these scam phone calls originate from Indian centres set up for this purpose. it's obvious that stock bashing boiler rooms are another closely related " industry " to these scam " call centres. " I'm quoting below from an article I read ;
" You see most of these so called Scam call centers are usually located in Kolkatta and Delhi (95%)
So, these areas have scam centers, because the population is huge where as opportunities less. Gurgaon, was known for it’s call centers which is usually a pressure cooker situation and the CSRs are usually abused lot and hence many quit. With no other special skills apart from English and basic Computer troubleshooting, these unemployed youth have no option but to join whichever job offer comes up to them. And the scam call centers are awesome at masking it’s scam initially, usually the freshers wouldn’t be aware of the real modus operandi. They’d genuinely believe that customer’s systems are infected with virus and after few scripts they’d transfer their call to their seniors, who do the actual scams."
Same is the case with Kolkatta. It’s close proximity to Jamtara the hub of Indian scam center and the authorities heavy scrutiny have pushed those with better communications towards these scam centers.
So these places thrive because there is talent and lack of opportunity, thus they thrive.