Seems Indian outsourcing operations are outsourcing again to China and:
Executives at Tata Consultancy Services told the Financial Times that, for many senior positions, engineers can command 50-70 per cent more money in China than in India.
Still a lot cheaper than Western Europe and the US though, I’d bet. Just wait until India gets into the localization space. Combined with social translation, the cost pressures on existing big LSPs will be tremendous.