Contracting market in India is not matured enough. I am not sure if you really find continuous contracts. I do not what could be the rates. You need to do little market research before taking any decision, otherwise, the bench period between contracts would be very nerve biting.
Usually, the markets in West are pretty matured and most of the clients are willing to go for contract due to their skills and gain the quick benefits. The contracting is always lucrative in matured countries, provided, if you are able to find continuous jobs. However, I am not sure what they are up to in India.
Hope this helps.
Kind Regards,
Ravi