"India's youth bulge came at a time when much of the rest of the world was growing old ... The median age was 26 in 2012 ... (In China, the comparable figure was 35; in the United States, 37)." - Somini Sengupta, Introduction in 2016 book "End of Karma: Hope and Fury among India's Young." Here you can order it from Amazon.
Many of us professionals in myriad disciplines have already competed - unsuccessfully - with youthful vendors in India. They bid lower for assignments.
When they have lost out are for projects which demand understanding the nuances of American English. Their British English is too stilted for most me-to-you communications in America. Those range from content marketing to books whose style is supposed to be conversational.
What is emerging is the entrepreneur in India whose enterprise is global and the U.S. branch needs American marketing materials. There too the youth bulge presses against us over-40 professionals. They seem to expect that kind of work with fees which mirror the pricing in India. But because of our experience we can't play that game.
Several times I have submitted bids. To do that, at the front end I had to invest about 90 minutes. In my mini proposals I low-balled it. But, obviously not enough. However, since the assignment involved technology, it would have been nutty to go lower. Tech requires unique positioning and packaging, that is, if done right.
No, I'm not shutting the door on bidding. However, now I have a sense of what isn't worth pitching for. At least in compensation. The learning could be useful. But this is business. And business can't be only about the learning curve.