When the survival of Indian industries will be on inhouse innovation, then there will be a demand for quality education and quality students and education will improve. Till technology and ideas are available liberally from other countries,one needs only trained operators not original thinkers. Till such time present style of education will continue.
The BPO and IT industry in India today is a perfect example of what you have stated. The IT engineers here are no less than trained operators who are only required to perform within the given framework with little or no innovation. BPO is nothing but as the name suggests, perform the back office chores for foreign companies! Very little or almost no stress is given for original and authentic ideas! A fact that fully reflects our education system which again reflects back the kind of work done here!
We should not be pessimistic about our educational system, because it reflects what the market wants. Today in the ladder of development we are not a innovative society but we can operate complex technologies based on the education we have obtained. For example India makes $ 20 billion worth of generic drugs and exports $15 billion worth. Generic drugs are drugs whose patent protection has finished. So Indian companies take up the manufacture of these cheap drugs at cheap costs. Today this is appropriate with our level of funding and abilities. As we go along higher up in the development ladder we shall enter the innovation stage also and then the demand for education will accordingly be of a different type than today. In IT India is exporting its comparative advantage of relatively cheaper knowledge worker as against China which is exporting its comparative advantage of cheaper labor by being a manufacturer of goods at a cheap rate. Nothing wrong. Innovation requires huge capital which is the advantage of richer nations like USA,Germany etc.
Your inputs have really given me something to hope for and from that perspective it does look good. Yet the general trend of following what the market demands, isn't it harmful in the long run??? And as far as funds for innovation are concerned, i think we do not lack money, only thing is it is channeled into all wrong places such as larger-than-life statues and memorial parks of people whose ideals we no longer follow. If somehow all that money can be brought into more important sectors such as research etc. the scenario can be changed in no time.
We are a capital deficit country, in the sense that surplus funds are negligible. We are becoming a richer nation and that is why we are now called an emerging economy. Even China is a capital deficit country. The populations are so large that per capita capital gets reduced considerably. Countries like USA, Germany, Japan, France, UK are examples of capital abundant countries. Innovation requires huge capital investment with no guarantee of success. It is a risk which poor countries like ours can not afford at today's level of development. For example in a leading multi national company for every 50 products researched and developed by them, 49 are discarded and only one is commercialized. Indian economy has still to attain such critical volumes for investing billions of rupees in innovation. The challenge is to reduce the time to attain such productive volumes. That is why the money spent on schemes like statues etc even if diverted to innovation will not make a dent, but could be more productively used in social schemes. Thank you for appreciating the line of discussion.