Well just to be clear, the collapse of the Indian economy is nothing that would "get my hopes up". I have a Masters in Economics...I know this "jobs outsourcing" mantra is nothing more than a democratic red herring and isn't really anything to get worked up over.
And although the market's did rebound somewhat today (last night) I'm certain that they will punish India for making a foolish choice. It's not just a question of stability and the associated risks, it's a question of properly assessing the cost of doing business.
Well, I have work in the in the industry for 35 years had have worked as either a CTO or a CEO for the last 10 years, and have four degrees. I have been involved in the outsourcing/offshoring business as both a customer and a vendor and have been running international R & D teams for years. I happen to disagree all together with you, thank you very much. Masters in Economics are a dime a dozen, as far as I am concerned, and I have yet to meet who knows what he is talking about. You may forgive if I am less than impressed with this.
The longer we treat outsourcing as an electioneering "red herring" of the left the more it will a source of real and lasting political gains for the opposition.