Then there's a great opportunity for the flying training industry in India!
India operates one of the world's largest air forces, which retires several hundred highly-qualified pilots every year. They are quite likely to form the vast bulk of India's new commercial pilots, and the nascent flying training industry will provide most of the rest. A few experienced TRI/TREs from outside the country will pass on their expertise to the new generation of Indian trainers and, in a relatively short time, India is likely to be self-sufficient in commercial pilots again.
Despite some of the preconceptions at work here, India has quite a well-developed and sophisticated economy which is able to respond to industrial developments quite rapidly - including those in aviation. The commercial aviation sector in India is tiny compared to the size of the country, and its likely expansion rate will probably be more or less within the capacity of the associated (and proportionately expanding) training infrastructure. Where there are imbalances, India will (as have many other countries) import the highest-qualified, most experienced help it can get. These highly-experienced individuals will add value by training many Indian nationals to enter or progress within the industry. There is little point in India taking on foreign junior FOs who do little more than occupy a seat that could be taken by an Indian, and effectively remove money from their economy.
Don't get distracted by the huge poverty that is the traditional view of India; that certainly exists, but there is a vast, modern economy developing within the country that neither needs nor wants help from other nations.
Scroggs