Re: India
Better Marx than Rand. And better what Adam Smith actually wrote, in his totality than what Americans think he wrote, by only paying attention to one part of one book. And better proper regulated social democracy than the lot of 'em.
Oh, and there is, at any point in time, a fixed number of jobs available. That may change from moment to moment, but there are not going to be more jobs available than are required to get things done. If you aren't paying locals to do those jobs, you're just shipping money out of the country.
Ultimately, what matters is the net flow of money into the country. And by net flow, I don't mean "squirreled away into the bank accounts of the ultra rich". I consider that functionally out of circulation, and trickle-down-your-pants economics is a fucking farce. The ultra rich don't really reinvest all that much, especially lately. They just camp on the damned money and it is thus functionally out of the economy.
What is the net money available for use by the bottom 95% of the country? Is that increasing year on year, decreasing, or staying more or less the same? Adjust for inflation and divvy up per capita and we can start to have a real conversation about the economy.
Next, we can have a conversation about how globalization depresses wages in first world nations, but how it has led to the spread of laws and regulations that emphatically prohibit the hoi polloi from benefiting from globalization through the legalization of the "grey market". Wages go down, but the price of goods under copyright doesn't. Wages go down but the cost of pharmaceuticals doesn't. So on and so forth.
These are good conversations to have. Ones about the net effect of all this Randian bullshit. That net effect, by the way? Not good.