If you accuse Infy of not developing IP, then the same accusation has to be levelled to all other Indian IT companies. But the accusations dont stick because none of the Indian IT companies claim this or boast about this.
They are pure IT services companies, with very little focus on product development. I dont see why it is wrong. Infy is great in its own way, just like a Wipro or a TCS because these companies are at the forefront of India's IT services and outsourcing success. These companies had the vision to see an opportunity and grab it with both hands. Thats why they are great. They were started during our License and Socialist Raj and grew despite lack of Govt help in the initial years. Thats why they are great.
You are saying "If Infosys has really achieved something then that is Money" Isnt that what companies are built for? If any company exists for anything else, then it does not have any business to exist!
Its true that the Indian IT story is incomplete without good products, and one can probably blame the Indian IT companies for that, but that does not take an iota away from their tremondous success!
And dont talk with that holier than thou attitude!