CA is one of the worlds biggest economy. But it very inefficient and poorly managed. I hope you guys see light thru the dark tunnel soon!
About the subject, India is indeed more expansive than most of the manufacturing hubs (tech industry) e.g. China, Malaysia, Vietnam, Thailand. We've done some calculations few years back and India proved to be 40% more expansive than Malaysia and 28% more than China. Added with special incentives and tax rebates provide by those country India lost big time. I was amazed by Malaysia offer to provide project team (no Malaysian Govt. expanse) to manage manage and support approval, hiring support, free interim offices etc..
Indian is on right track but a long way to go.