Poor higher education forcing students abroad – StudyThe Economic Times.
This was according to a joint study by the Associated Chambers of Commerce and Industry of India and Tata Institute of Social Sciences on “Realigning Skilling Towards Make in India”, part of which noted: "Indians spend about $6-7 billion every year in sending their children abroad for higher education. Only a miniscule number of them choose to return home. It is not just the elite who spend generously on a good education and credentials; middle-class families also spend their life-time savings to educate their children abroad."
While the much-touted Indian Institutes of Technology have an annual enrolment of 10,000-15,000, and focus only on the brightest of the bright, not a single great worldwide patent has emerged, nor have they produced a single Nobel Laureate. The study also said India fares poorly as far as its rankings in the field of patents and new start-ups in technology and innovation are concerned.
Full report on The Economic Times site