When U.S. companies look to move IT activities overseas to reduce costs, the labor savings in India are typically compelling enough to keep them from shopping around for IT skills in places like China or Eastern Europe.

And even though wages for IT workers in India are expected to rise by double-digit rates annually over the next several years, few IT sourcing experts expect to see a massive shift in investment dollars to other countries in the foreseeable future.

Outsourcing experts don't expect to see demand shift away from India anytime soon. Instead, "there will be a general migration of work to other countries as India gets its dance card filled," said Joan Conway, director of managed services at Fujitsu Consulting in Calgary, Alberta.