Back in the late 80's one of my software applications contractors was half Indian and half US and because he was Indian he could bring some of his "cousins" to work on a project.
He had 26 "cousins" living in 6 motel rooms in La Crosse WI, and hacking code for one of the first Oracle total integration systems, GL, payroll, payables, receivables the entire accounting system and they were damned good and very smart.
This was at the beginning of the India IT import system including TaTa and the rest.
I don't know what the Indians were paid, and since my project was delivered on time and under budget, the client was thrilled, I got a bonus and 100 plus IT geeks that had previously strutted and pranced around the replaced IBM mainframes were leaving LaCrosse for other places to slump and pout.
But the open systems revolution had begun, and not even IBM could stop it.
The initial onslaught of Indians were the cream of the crop and high talent was available at relatively low prices.
Over time, that changed and India is now just another source of technical talent with bad breath and high pitched accents.
Where will the next great talent pool boon be? Tanzania, Mongolia? Why do we keep training the rest of the world to take our technology and jobs?