Could the fall in Indian Oursourcing lead to Innovation?

Sramana Mitra has an interesting article on “The Coming Death Of Indian Outsourcing“. The death of this industry is far from anyone’s mind. However, the reality is that wages are rising in India. The cost advantage for offshoring to India used to be at least 1:6. Today, it is at best 1:3. Attrition is scary. [...]