Guys, I dont see the problem here. Like someone said earlier, as long as the best qualified pilot gets the job, who cares where he/she comes from? Its called open market and free competition... This is how things work in many (most?) parts of the world already. If India wants to grow and become a big -er player on the worlds market you guys better get used to the competition. Or maybe you expect to keep the cake and eat it?
Anyway, with the current pay levels in india it should not be too much of a probelm...maybe some expat competition will be a positive thing, pushing pay upwards? Lots of jobs in india over the next 10-15 years, be positive guys...
/CP