Almost all of the Indian IT companies have a 3 month notice period. If we were to quit before that, we may not get the service certificate which would be needed for a new job.

At the same time, they can fire us (usually being called into HR room and forced to resign) at will. Even if there is any compensation, it will be 3 months basic pay (basic is only a percentage of the full salary).

Thus we get to enjoy the bad things of capitalism without any of the protection it offers.