Is IT Salaries are at their peak level??

[image source: Corbis]

Just read the article today in Economic Times regarding "IT salaries soar as cos scramble for talent". It talks about the annual raise given by the Companies to its employees in India. It is raised from upto 20-30% on an average.

This is leading to the stage where India seems to be no more of Cheap Wages. People are visioning that it could be the threat to the Indian IT Market as the Foreigners will start looking at alternate option. As the expert says Indians needs to increase their talent pool to stay intact.