With investors souring on China, India technology is about to get its moment.

The stars are all aligned. Indian-born executives are now in charge at Microsoft (NASDAQ:MSFTMicrosoft (NASDAQ: and Google (NASDAQ:GOOGLGoogle (NASDAQ:. Indians speak English, they work on some of the hardest software problems out there, and they are price competitive.

Before the most recent stock market downturn Cognizant (NASDAQ:CTSHCognizant (NASDAQ: was up almost 49% for the year, and Infosy (NYSE:INFYInfosy (NYSE: almost 22%. Even Wipro (NYSE:WITWipro (NYSE: was up, this during a time when other enterprise technology companies like IBM (NYSE:IBMIBM (NYSE: and Hewlett-Packard (NYSE:HPQHewlett-Packard (NYSE: were down 20%.

Source: Cognizant Stock Price data by amigobulls.com

Cognizant has had the nicest run, because it’s the most American of these companies. Their headquarters is in Teaneck, NJ. Their CEO is named Gordon Coburn. But the secret sauce remains the same as for the other companies derided as “outsourcers.” They have an ample supply of talent at a time when talent is in short supply.

Cognizant has also focused on controlling software rather than just odd-jobbing. The company’s purchase of Trizetto last year, for $2.7 billion, gave it a strong position in the U.S. healthcare market, which is still automating six years after the 2009 HiTech Act brought billions of dollars in stimulus cash to the sector.

While that cash is drying up, replaced with penalties for failure to automate, there are also growing business pressures on clinics, hospitals, and medical practices to deliver “meaningful use,” the ability to maintain, get value from, and communication from within Electronic Healthcare Records. Hospitals are also a key testbed for the Internet of Things, with everything from CT scanners to patient bracelets getting outfitted with chips connected to wireless networks.