I am from Hyderabad, India and felt racist reading that title - "IT coolies". I believe the author just want to make headline.
A lot of innovation happens that gets unnoticed in Silicon Valley or around the world. People here do not have access to mentorship & peer network so easily (openly available in California), still being self-motivated and connected by reading tech blogs, advises, etc. Just top of my head are following two examples.
* Little Eye Labs => Facebook * HackerRank ==> YC