I was going to say much the same thing. We're 3 million people , not a billion like India :) .
But we do have a lot of people working in IT (about 15.000), we export 2% our GDP in Software, and Indian companies like Tata Consultancy Services have offices here, serving the US market.
I hope it will grow even more. One positive for uruguayans but negative for exports is that salaries are much higher than in India or some parts of Eastern Europe (but a LOT lower than in the U.S.), so we are not so competitive in the "lowest bidder outsourcing", we should aim to be a high-end and niche provider, but don't have the culture yet.
Graduates from both public and private universities are very capable but we need some more training to match U.S. expectations.
I've heard Google doesn't recruit much here because of the lack of PhDs in computer science (which is a definite lack), and there's a lot of emphasis on Java and .NET which doesn't help if the market is looking for iOS or Android or Ruby developers (the Java and .NET outsourcing market being cornered by indians?).