Sure, but there's no getting around how terrible it is to communicate and coordinate between PST and IST. One of the divisions I currently work with operates in a model where the "drivers" are all in the US and there's a large IST-based team that "executes". It's ... not great, and nobody on either side of the equation likes it. And all the people involved are very smart! But it really does matter, and we're seeing a lot of things move far slower than initially thought.
replyWhy are people so focused on India when it comes to outsourcing?
replyUS dev salaries are so much higher than the rest of the world that basically you could hire anywhere in Europe and still save most of the cost per person.
You could go to LATAM if you want the same timezone.
On the corollary, salaries of capable Indian developers have certainly caught up to most Western countries, so that you wont be saving much per person.