hey there
well i wud say that IT has enhanced status of many Indians and it is definitely a Boon for us, as there is a huge demand of IT pros all over the world... this has improved Indian economy to a great extent with all the Foreign exchange coming in the country. Indians are Intelligent, smart brainy people, India has great talent, has one of the best technical and management colleges, which is why we'll have, not one but many silicon valleys in future...
now coming to "losing cultural values", that depends on individual prefrences... one has to be above the influence to preserve the values and culture of their country...
An organisation gives an oppurtunity to its employees to go abroad and work with the best of other organisations, so one should make most of the oppurtunity and after a reasonable period of time, come back to their own country, rather than settling in foriegn lands...
everyone must be having a different opinion on this matter, i have written mine...
take care
~Abha