My thinking train started after reading following article on web:
http://www.outlookbusiness.com/print.aspx?articleid=1530&editionid=40&catgid=13&subcatgid=370
My thoughts are that S/W industry will always remain in india and the equilibrium/saturation will be achieved sooner or later - It is still very young in india. So lets not spend too much time & effort into distinguishing between s/w engineers & softicians.