Nowadays, lots of jobs are cheaply outsourced to India and people in the West are unemployed.

Is this exploitation in any manner?

There is nothing Islamically wrong for a business man to try and get the cheapest sources of labour for his product. However, in the case where it ultimately harms his own society, Islam does interfere to some degree for the economics functions of the society. For example, if people are unemployed and are unable to take care of their families, there would be some restrictions on companies in order to protect the interest of the society as a whole, prevent them from artificially raising prices, and protect customers from being deceived.

In this regard, Islam had an impact on places like Indonesia and West Africa as it spread. People were used to a particular way of trade, which was in reality a deceptive way. The nature of the business men was to sell defective products; however, when those tradesmen became Muslims, they changed and told their customers about the defects in their products. The traders became trustworthy individuals rather than deceivers. This was how Islam spread. People were impressed with the religion which told them to be truthful even in business.