This seems to be the Next Big Thing in India after telecom. A number of domestic market sectors in India are lined up to hit the critical mass over the next many years as the growing economy and relenetless cost reduction by technology commoditization will bring consumption to the masses. Domestic telecom equipment market in India became one of the largest in the world earlier this decade, for example, clocking US $6 billion in 2002 and still growing at an exponential pace. Smart money should be looking beyond labour market arbitrage and working on domestic market opportunities in emerging economies.