Common rose caterpillar with some kind of wasp eggs

Today morning I found this caterpillar on an dried Sida plant. It was covered with white spongy material and later it is identified as some kind of wasp eggs. I don't know whether it can complete it's lifecycle. I think it's a kind of parasitism. Eggs are about to be hatched. I think the caterpillar will be the feed for the newly hatched wasps.