What you echoed is the attitude difference of the west vs east.
The problem (fortunate or unfortunate) about IT and other related area is that they are purely human resource oriented. And the quality of human resource do matter. One of the reason why US was able to achieve mammoth development during early part of 20th century was that it provided an environment conducive (physical as well as intellectually) for their citizens and prospective immigrants. For example have a look at the geniuses Institute of Advance Studies, Princeton was able to add to its pay roll pre-WII era (http://www.ias.edu/about/noted-figures). I agree, I might be taking an extreme example. But my point is, for India to progress well it has to invest a lot in it's human resource and potential talent. We are abundant in human resource, but pretty scare in most others (land,oil,gold - which the major developed nations have aplenty). While India being a super-power really is a tall order, the only way to come close to achieve that will be to transmogrify our economy into a knowledge hub (akin to the dream of our former president). And it is rather naive and unrealistic to achieve we would have quality work force (worth boosting) sticking around unless you pamper them. This however is not limited to IT (extends to other areas of science and arts). However, IT have momentum, that need to capitalised.
