The truth is out. Yet once again it has been proved that we Indians believe in quantity and not quality. A few years ago when one my friends was doing an MCA course at IGNOU, out of 26-27 computers only 1 worked and this one machine was used by several students. I am sure the situation is equally dismal in other institutes and universities. And why not, our Govt does not lay empahsis on education. Also students in India are never encouraged to innovate and apply practical sense. Emphasis is more on cramming and getting good marks rather than understanding. So practical matters get a backseat.
It is quite correct that no Indian software company has been able to come out with a world class software application. All we Indians are good at is working for others at low costs and thinking we have done great.