The scary thing is this is getting close to (practically) dollar salaries, and that cannot be easy for guys like Infy and Wipro. I'm sure they would like top flight talent too, with the same apetite for growth, risk as those Google and Amazon and Adobe etc are seeking (not to mention startups), yet cannot afford to pay way above what the average employee makes for the company!
Is this the beginning of the shakeout ? People have been predicting that the salary spiral will render the cost differentials useless, and then its the question of managing a remote team, however good, vs local ones.
The only ways to beat that it
- have products/development owned completely out of here or such that the interaction needed is low- essentially higher end work
- serve the domestic market - its got to start being a larger pie.