India is treating the AI wave like the SaaS wave. And that’s going to backfire. The SaaS wave was a very specific kind of win. We didn’t win because our products were always elegant. We won because we had two blunt arbitrages the market rewarded for years: we were cheap, and we could throw people at a problem until it looked solved. Even if the UI was clunky, even if onboarding was painful, even if the product needed hand-holding, buyers tolerated it because the pricing was absurdly good. And…