Not much to learn. Most of the power is in hands of offshore team, and they treat India development team as a backoffice for 'not so worthy' tasks.
If your manager is good, then it's fine, otherwise you will be stuck.
Slow growth. Offshore team at same workex level as you will be atleast 2 levels above than Indian Developer team. Holding many people as SDE-1 at ~5 YoE and similar workex person having Lead designation(SDE-3) in offshore.