> For someone coming from Eastern Europe - not at all.
> Yes, you will be outbid by competitors from cheaper countries, but hey, welcome to reality where half of the stuff you buy is produced in China, because you compete with people and companies from all around the world.
That's what a race to the bottom looks like, if this trend keeps on going it won't be long before everybody has the income of somebody working in India, without even living there.
This is not meant as an attack on the OP (or India), most people would act the same way if they'd be in that situation, just a somewhat scared observation where the future seems to be heading.
And it's not like we got any good solutions for any of this, bringing the living standards up for everybody won't work, due to resource and economic constraints, so down it is.