That is still very much a small minority. For the average Indian programmer in the US, there's very little incentive to move back to India purely for professional prospects. Let's face it, I'd much rather code for Amazon in Seattle than Flipkart in Bangalore.
Other factors like the shitty visa situation (more and more people are chosing to move to Canada because of their permanent residency requirements), family ties and some more ethereal things like the pull of the motherland come into play. As an Indian in the US with maybe 70-80 people from my undergraduate class in the US, a grand total of one person went back to India to build a startup despite having a succesful career.
In your case it's one...in my case its a dozen. But then, I'm from IIT Bombay - we have always been nuts !
But even the "one" is more than what used to exist earlier. A US job used to be the epitome of what you could achieve in your career. It's no longer the case.
I wouldn't presume to comment on you...but do think about it. It's brilliant out here and we would love for you to come and do the same.
Not sure if you are from CS. But IIT Bombay CS, batch is like the going choice for the top AIR in JEE. Also the program and the prestige associated with it is life long aristocratic privilege. Things like funding, and other support from network and alumni get a whole lot easier.
But even with that much going on for you, I still wouldn't recommend returning for something like this. Not unless you had a US passport in hand.
And for most people who go to US don't have even anything close to this going on for them. So you do the math :)
Other factors like the shitty visa situation (more and more people are chosing to move to Canada because of their permanent residency requirements), family ties and some more ethereal things like the pull of the motherland come into play. As an Indian in the US with maybe 70-80 people from my undergraduate class in the US, a grand total of one person went back to India to build a startup despite having a succesful career.