Earlier quoted context omitted.
Those jobs would have been shipped to India eventually anyway. Global corporations don't care about silly things like stable economies. They care about the bottom line. Edit: to those downvoting me, can you please explain why? Am I wrong in some way?
India doesn't have top universities and top research talent.
One of the main reasons for lack of research in India is lack of funding. Its nothing compared to US universities. But that does not imply it lacks talent. In fact primality test in polynomial time was founded by computer scientists at IIT - https://en.wikipedia.org/wiki/AKS_primality_test.