FairAndUnbiased
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The number of PhDs are increasing, but the pace is very very slow. India needs to "re-invent" it's education system, which at best is not upto the global standards.
It should do it fast, like China did in 1998. Before 1998, only the top 5% of students could attend university, and even less could get a graduate degree. After 1998, we basically made it so even someone that can only get 60% on the college entrance exam, could go to college.
Otherwise, Indians will keep talking about Indians who designed this or that for Intel, Coca Cola, etc etc. instead of Indian companies that designed this or that.