I agree, people who are only fluent in one language (and who don't study anthropology) tend to ignore the huge cultural factor in these things.

Indian people already have a hard time getting hired in your own country, you think your boomer boss is going to go out of his way to get them? I strongly doubt this.

Outsourcing has been tried for a long time, if it was a permanent solution it would have become the norm. Not to say that there is never a time for it, but software is, ironically, where I think it's the least likely to work out, precisely for the reasons you cited.