Is India a hub for world where ICT sector is concerned?????

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Acc to Wim Elfrink,Chief Globalisation office,Cisco systems "we believe dat india is the hub for the world where ICT sector is concerned" there are many reasons why india has become the centre of global IT service industry. it has a highly educated work force,with 2m colz graduate year,all of whom speaks english. it has excellent international data communication links and good internet access in major cities. and the wages of IT professionals average one quarter to one tenth of the wages of equavalent posts in europe. so i think india is developing day by day in this sector..... wat do u think????