Ah yes, the old “ship every American job to India” ploy being taught in every MBA program. Intellectually lazy at best...
Wall street always gets the worst of its own devices. Mumbai is said to exceed NYC in cost of living. It can't be quite so cost effective to ship the jobs over there now.
I actually supported software written in the USA for an Indian client recently. It was a one-off, but still...how ironic is that?!