While salaries are increasing very fast now... I tend NOT to believe the 75% of US salaries bit. An average engg in the US makes about $80,000/yr, here a CEO would make that much. So unless their local management has been skimming a whole lot off the top...I don't see how they managed to reach 75%.

When I entered the workplace (1991) the average salary was Rs.5000 or US$500 (I think the dollar was around Rs.10 then) for a fresh engg. grad.

By 1999 the salaries had gone upto Rs.12,000 or US$500 (dollar went up in relation to Rs.).

Now its a bit crazy at the top of the class but you can still get people for Rs.20,000 or US$500!

At the top end of the ladder things have changed dramatically - salaries of Rs.10,00,000 per year are common place but then so have costs... A house which went for $100,000 six years back is now $300,000.

So i'd hold onto my offshore dev center in India...lol