They are also producing professional-services firms such as TataConsulting Services and Infosys that take fresh graduates and turn them into world-class computer programmers and consultants.
Then TataConsulting Services and Infosys implemented global delivery systems using highly trained labor at a 10th the cost, practically wiping out the domestic vendors' traditional IT services business.
The top five Indian players in consulting(Tata, Infosys, Wipro, Satyam and HCL Technologies) have averaged 30% revenue growth this year, while the largest U.S. players have averaged just 4%, according to Datamonitor senior analyst Patrick O'Brien.