Is India the emerging cloud computing capital of the world?

Consider these statistics: A study by Nasscom and Deloitte estimates the Indian cloud computing market will reach USD 16 billion by 2020. Similarly, a report by consulting firm Zinnov Management Consulting estimates that the cloud computing market will grow from USD 400 million (currently) to USD 4.5 billion by 2015. A recent Microsoft-IDC study says that cloud computing will generate over 2 million jobs in India by 2015. More here