Machine-learning alpha in Mumbai

What is the machine-learning alpha market like in Mumbai?

Mumbai is a secondary centre for machine-learning alpha, with demand concentrated in a smaller set of desks. Machine-learning driven strategies use modern statistical learning and alternative data to find non-linear structure in markets. It is the fastest-growing research discipline and competes directly with AI labs for talent. Typical holding horizon is intraday to weeks, hiring concentrates on quant researcher, quant developer, and 2 of the firms we track run a Mumbai desk. Pay sits at roughly 22% of the New York benchmark for the equivalent role and seniority, quoted in INR.