You should research a bit before you say there isn’t an ounce of innovation from India. Very mainstream and simple example is UPI (google it). Tell me any system in the whole world which comes close in scale, ease of use and security.

You are discounting Indian institutions, take a look at the Fortune 500 c suite list and tell me how many of them studied at IIT/IIM.

Investment is a key requirement for enterprise. You will be surprised to see the startup ecosystem now since the investment is flowing in.

I 100% agree with the asinine focus on cracking the exam and not anything else. But then the ROI is too good.