Even if those of us who believe that the carry trade is responsible for the yen's weakness are wrong, and alternative explanations, such as that of Morgan Stanley's Stephen Jen, are right, the mispriced yen is a very clear sign that something has gone seriously awry with the way global financial markets are working in relation to global imbalances.

ECONOMIST: An undervalued argument

But, he adds, that "India takes security issues very seriously" and that Indian workers are "very skilled, very professional and very hard working".

BBC: Indian call centres say they are as good as any