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I am really glad that e-commerce is taking off in India. The code factories model of relying entirely on foreign projects is not sustainable in the long run.

The problem however is that there aren't a lot of jobs for other kinds of engineering. I hope that changes soon too.

This is kind of frightening, our wages won't survive a world in which where there's a surplus of talent coming from developing countries.

I have seem some talent, at various levels, some of which is even quite good. But I surely would NOT call it a "surplus" :-)

I feel it's mainly the younger generation (born after the 70's) that has embraced globalization and are coming up with quality outsourcing firms.