Focus on the application.
Unless you feel there's a strong likelihood that you can score at least 40 points higher without much effort, you're better off focusing on the application. It's not about whether you're an Indian IT guy or not -- because most of the time the decisions with the Indian IT guys have little to do with the GMAT score anyhow.
Alex Chu
alex@mbaapply.com
www.mbaapply.com
http://mbaapply.blogspot.com