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This article has some interesting data about India’s IT sector and some quotes about education:
The End of India’s IT Boom-Bust Cycle
“The current education process wastes brilliant minds with many routine and unrelated tasks resulting in only administrative-compliance-oriented, politically-correct individuals who cannot creatively contribute.”
“A situation arose where ‘learning computers is the only panacea for entire problems India faces’ was advocated by NGOs & socio-political groups. A gradual but sure neglect set into the education scenario over 15 years with disastrous consequences since the narrow parochial system encouraged only 5 to 10 computer or IT related courses in India.”

The End Of India’s IT Boom-Bust Cycle