This is surely a glipse of future... For long there were inflated payments in the IT sector and the main reason was the Dollar and Rupee exchange rate. Has anyone noticed the trend that Indian doctors are prefering to come back to India, esp. specialists, and settle down here itself? The reason is the same, payment in dollar/pound/rial/dinar terms remains same while ruppee earnings here have increased. Same way these tech guys were earning more due to the differential which has closed down now. They were getting AMERICAN SALARIES in India. So in effect they will be getting normal salaries and dont you worry the prices of real estate will come down in a short time! A coffee and a sandwitch in Hyderabad CyberCity Barista cost Rs 180/- while in Kanpur the combo costs Rs. 100/-. In effect everything evens out in the end. What is most important is that Indian Babus are increasing their salaries in the garb of these salaries through 6th pay commision, WILL THEY ROLL BACK THEIR HIKE? This will be an inflationary pressure which we all hard working people in private sector will have to subsidize! Kapil
