Atanu Dey : India Spends $13,000,000,000 on Education Abroad ? Brain drain and brain dead too. Opening up a college or a post-graduate institution is a big side business for our politicians (in addition to bars & restaurants). Atanu, FYI they are not stupid people, this is called economics of demand and supply. This is the same reason they are on sports committes and boards.
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I read the almost the same article in SiliconIndia.com, but a little more detail was given so I guess you can always go and check there once.