dirty practices of indian firm TCS /wipro/techm/hcl led to crash in tech billing rates as these Indian firms consider employees as coolies who must be exploited.
The affordable housing of tata's costs about 10-15 million rupees and keeping increasing every quarter (like all other products like steel, telco, automobiles, salt and grocery) but their IT billing rates seem to fall every quarter which show they dont have confidence in the value of the services they are giving.
to increase revenue and cover up failure of group companies IT billing rates have been messed up so much so that they want Fresher who can be a program manager/project manager/ architect etc.
clients beware these merchants of doom may end up screwing up your IT platforms with poor design and coding practices.