This is true only to an extent. As it's been in news that IIMs take only .7% of the students though around 5-10% are good students. This is only becz. of less institutions and lack of autonomy. If complete autonomy is provided then it can surely be of much help as they would not be under any pressure such as of huge reservation.
Also, inviting foreign univ. to set up branches here would definitely help India in the long run. As deserving students will get their due. And most importantly they do not need to leave their country just because of lack of education facilities. Because nowadays many people deserving people are not getting their due becz. of lack of good institutes. That's why they are forced to look abroad for higher education. And once a person is abroad you know how difficult is to leave "dollar" or "pound" earnings.
