India Is Coming

In the past five years, more than 100 information technology and scientific firms have opened R&D labs in India. Leading companies are drawn to India because it is home to some of the world’s brightest minds and sharpest innovators.

India churns out 300,000 IT engineering graduates a year — six times as many as America produces.

In 1999, India’s IT industry contributed 1.3 percent of the country’s gross domestic product. Last year, it more than doubled to 3 percent, with $16 billion in sales, 75 percent of it to oversea.....