Not sure what your point is. You seem to be suggesting that almost anyone who refuses to rote memorize math textbooks and score big marks in Exams(Which is exactly how the Indian educations system works, anyway) must never ever be given a chance to work overseas, ever. Not only are you wrong, you are off by a big margin.
Firstly, mugging up pointless trivia and math theorems hasn't anything remotely to do with productivity. Which is the only thing that matters in workplaces today. You might be the biggest knowledge repository in your college, you might know everything there is to know if the books. But your knowledge is replaceable by a Google search, or worst anything that you can be learned by any guy in India with a smart phone and a internet connection(both very cheap and accessible today) without ever having to go to a college. In a world with such levels flattening, only thing that counts is ability to get things done with maximum levels of productivity.
>>Today almost all of my classmates are in the US: thanks to H1B.
You should be happy about it, rather than cribbing about it.
>>nor did I want to do the shit work that is offered in these consulting companies (TCS, Infosys).
The very fact that you consider some work beneath you is speaking volumes about your attitude and work ethic. Or may be explains why people like you despite being intelligent are often beaten by every other guy who is ready to burn 20 hours a day to get work done and make a living doing whatever is possible, working and making the best of whatever opportunity comes there way. People in those companies you describe aren't doing 'shit work' as you describe, they do whatever software work everybody else is doing for a lesser salary. Because that is the only opportunity they get, and trust me even after that they don't crib. They remain thankful for the opportunity in a country where people are dying of hunger, they use that opportunity to learn, coming from small towns and lower middle class to poor families they work 20 hours a day, building their career brick by brick making the best of whatever comes their way. Only to be later face people like you who deride the hard work they do to get there.
>>I ended up getting a MS and PhD in a top non-US university that funded me and I'm still finding it difficult to join a US company, thanks to H1B being gamed.
You really must stop blaming the whole world from your problems.
>>These mediocre-to-hopeless students from India just apply to some university in the US for a Masters.
You really should be thinking very hard how all these people you think are below you are able to make a living, while you aren't.
>>Either it is a shit-degree from a mediocre university or a shit-degree from a shit-university (most of them seem to be in Texas). Doesn't matter.
True thing, because what matter is what you are ready to sacrifice as immigrant in foreign nation with a hefty student loan. How much you are ready to burn your self to get where you want to be. Its not about intelligence or grades, its more than that.