I'm a programmer from India. Here its more of quantity vs quality. We have a ton of programmers, but really small number of good ones. Most of us come into this field not for the love of programming, but for an "onsite opportunity".
I suspect that if the same proportion of the U.S. population decided to become programmers, we'd have the same problem here. People who wouldn't make good programmers have more opportunities in the U.S. to go do something else.
