[INDIA] What is this all hullabaloo about bubble burst? 🙄

Last few days I have seen too many posts on LinkedIn and blind where people say that the Indian TC bubble will burst. The reasoning they give is that these TCs are driven by VC firms overvaluing Indian startups. The biggest flaw I find in this is that Indian startups are not even the top market payers. The top market payers are Google, Amazon, Uber etc. Now these companies are generating enormous and increasing revenue every year and it's much cheaper for them to hire in india thus they are rapidly shifting teams. The startups have been forced to pay higher due to Faang. It may have some corrections but the bubble doesn't look like bursting. What do you think?