How will Indian IT sector tackle this?

>>Businesses ultimately do what they need to be doing to excel and will be least bothered about the society.
Very much aligned with what you say Rajesh.Businesses can go to any length and surpass boundaries if they need to.And more over it's a consumer wave. Consumers will have a bigger say than government bodies.
>>employable talents to meet the demand that exists and problems such as rising pay scales.

Employable talents is definitely a concern, more so when many are investing in bringing up B-type-schools, grossly ignoring the elementary education.

Rising pay scales, are we being paid on a higher end for our kind of jobs ?! This is definitely debatable...though my savings account dries up in a week's time after 31st :(
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Hi Dilbert Fan AKA Arvind TM,
>Rising pay scales, are we being paid on a higher end for our kind of jobs ?! This is definitely debatable...though my savings account dries up in a week's time after 31st :(

Moore's law that drives Intel's business is applicable here too :-)http://www.intel.com/research/silicon/mooreslaw.htm
Pepsi puts it in a better way. "Yeh dil maange more"
Earnings vs Expenses equillibrium is beyond the scope of "Roti Kapda aur Makan"
Yes. I agree fully with you that it is debatable :-)
Cheers,
Rajesh