IT workers in India and other Asian countries continue to offer outsourcers the least expensive skilled labor in the world, but rising demand is pushing up wages in these countries, potentially enhancing the opportunity of destinations in Eastern Europe and elsewhere, according to a study by neoIT.

The success of outsourcing industries in Asian nations, including India, China and the Philippines, has led to a worker crunch and salaries that are rising at a pace that outstrips other regions, according to neoIT. India’s projected wage-growth pace is the fastest among the 20 countries, according to the study. Next in line is Vietnam at 7.3%, followed by China, Russia and Costa Rica at 7.2% and the Philippines at 6.8%.

By contrast, neoIT predicts 3.6% wage growth each year for the U.S.A. and between 4%–6% for Hungary, Poland, Slovakia, Romania, Mexico and Brazil. Because wages are so low in Asia, wages there should remain lower than those in Eastern Europe and Latin America, despite the faster pace, states neoIT’s report.