Pride
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You don't understand Software Business model. Do you? You are just talking about something which you have no Idea. SAP AG is Germany's biggest software company and still its all division is in India. From Design to Development, everything happens here. Ever heard name of Mr Vishal Sikka?Most of your so called IT business with the "West" is either back office or simple codings, that's why I said since most of us don't use English in our daily life, you have little to no business in this part of the West. Even with regard to coding, all the IT professionals I know don't work with Indian companies because the mentality gap and quality expectation is too wide. They prefer to work with Eastern Europeans. So, your largest market for back office and coding remains to be the English speaking countries and as we can see from the OP article, it's even smaller than the Chinese internal market.
Anyways, Half of the part is right. In many business support work, we don't need high skill or specialization but simple work and simple coding and hence many people with lower IQ are surviving. Intelligent job in software industry except for development is only 10% in the world and there comes exceptional people, Medium skilled job is 40% and remaining is simple job. The category which you want to follow, you will find Indian people be it inventor or be it low/medium complexity jobs. It all depends on business.
Many people tried to outsource to South Africa, Brazil, Romania, Vietnam and Philippines including Indian companies as well. Still it has its own struggle and challenges. In outsourcing, we are still 10 years ahead in terms of process + skills so next 5-10 years India is still safe bet after that it will be different.
PS: I am manager in one of the Global IT company and we discuss these things on daily basis so come with facts and not on perception.