Competition drives innovation.
Discussion
Nepotism destroys innovation. India evolved an entire caste based society to destroy any chance of innovation.
It's not competition when Indians only hire Indians.
First point is 100% spot on.
I have seen the second, but I wouldn’t limit it to Indians. Guarantee my Mick-Limey-Kraut ancestors did much the same
Reducing the cost of labour actually reduces the need to innovate. This is the same reason why slavery ultimately inhibits technological progress even if it might technically be helpful in the moment.