Sad truth is, no one has a monopoly on spaghetti coding.

Dude, if you are talking about Satyam then you might be right...but making a generic statement like that will make you eat your words with spaghetti some day! lol

so, you think 200+ top IT organizations that have invested billions of dollars in India are wrong?

Indians can't code their way out of a paper bag. Pay them to make a mess is more like it.