A good discussion on Indian IT field and Outsourcing: http://www.vinavu.com/2008/11/14/tmstar5/
While I don't agree with the opinion of the blogger, the comments section are very interesting.
It also makes me wonder why the blogger is blaming US for outsourcing issues. India generates more than 50% of its IT revenue from Europe and Japan. Yet, US gets blamed for most of its cultural and economic issues.