sacsharma

Which IT Outsourcing Stock is the Best?

The average salary for a fresh hire is 3 lakh/annum. I dunno where you got this 12000/ month figure!May be you are talking of 1998-99!
For experienced hires, the salary average is about 1.5-2 lakh per year of experience.
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Indian Outsourcing Stocks: Beware The Stronger Rupee

And also one has to take into account rising salaries in Indian IT sector. I personally know how Accenture had to increase salary of many of its employees because of higher attrition rates.
Come to Bangalore and you will find how Indian IT employee is the king these days! In some domains, Indian IT salaries stand at only half the corresponding US salaries.
The only way out for IT companies might be to move up the value chain. The plain vanilla cost arbitrage might not work out that effectively.