Indian running of companies

I thought that this was an interesting observation.
Whilst on a business trip I was in a discussion related to the outsourcing of functions overseas. Primarily this has been to India, but also S Africa and Philippines.
What was interesting was that originally the management of these outsourcing companies was imported expertise from (usually) N America. On this trip for the first time I noticed that all the management team was imported talent from India.
It was clear that Indian companies, having built up expertise in outsourcing are now moving to outsourcing or spread their expertise themselves, most likely displacing the previously sourcing N American expat managers.
... so what is left in India. Well India is apparently moving on from high volume, low margin work to lower volume high margin work, such as computer programming, accounting etc. The wheel has turning and you can see it turning.
India is growing in economic influence and will do well.