Assuming there is no tech shortage and companies are indeed looking for cheaper labor, how do we explain these offers (It's placement season in India and its ra

Assuming there is no tech shortage and companies are indeed looking for cheaper labor, how do we explain these offers (It's placement season in India and its raining offers). These seem to be well above the average pay for software developers (considering they are under graduates fresh out of college). Of course all have to first participate in the H1B lottery for them to enter US. http://indiatoday.intoday.in/education/story/job-offer-of-rs.-2.03-crore-from-oracle-us-to-iit-bhu-student/1/405389.html http://indiatoday.intoday.in/education/story/job-offer-of-rs... http://articles.economictimes.indiatimes.com/2014-12-04/news/56723158_1_placement-drive-four-students-higher-studies http://articles.economictimes.indiatimes.com/2014-12-04/news... http://www.hindustantimes.com/business-news/campus-calling-40-iit-students-get-rs-1-cr-plus-offers/article1-1293332.aspx http://www.hindustantimes.com/business-news/campus-calling-4...