The present indiani government is introducing Hire and Fire policy that make it easy for companies to implement exploitative and intimidating practices like these in India, so things are likely worsen and salaries are going to be reduced to boost profits.
Caterlisation has been rampant in indian IT job market as declared Ex infosys Borad member and founder
https://timesofindia.indiatimes.com/business/india-business/it-companies-formed-cartel-to-keep-entry-level-salary-low-pai/articleshow/62266559.cms