Nothing surprising here. This is why all manufacturing has moved to China. SW engineers in the US get so much not because they are so smart, but because (1) the company have to pay premium to keep the IP private and (2) they can work on-site or within the US boundaries. All software that has little value by itself or can't be stolen has been outsourced to India. This even happened in Boeing: their software can't be meaningfully stolen, so they happily outsourced it. Edit: The same applies to lawyers, doctors, bankers and all white collar jobs. The pay is so high is mostly because of where you work, not what you do. Have fun trying to get that $400k/year as a divorce litigator in India.
To bad the cost of living per country is not included.
India is becoming a formidable force exactly because of the low prices. I only say becoming because of the years of experience of Indian coders that the author laid out in this post.
My (limited) personal experience working with Indian collages mostly co-relates with the data from the post, and biggest hurdle that I have seen for junior SW people from India is that they are learning on the go, while working remotely, and having knowledge transfer done poorly by seniors that do not sit in the same office.
With years and projects behind the currently junior people I expect that and fear how competitive as a whole you will become. I also fear the day I see a similar post about China.
Nityesh, if you are reading this, thank you for a great post and show of skills.