You might want to reword that. :)
More seriously, I am optimistic because 1) the older generation will die off and 2) almost 50% of the grad students in any top US university are from India. (This includes programs in AI and Robotics. Count me in that too.)
1.) the young generation is still corrupt and apathetic and spineless 2.) assuming your number is correct (which I doubt), 90% of those students who overpaid for a masters are staying in the US
1) The younger generation is much much less corrupt.
2) Almost nobody pays for a masters in science and engineering. Those who do startup eventually end up doing it in India. I know a bunch of my friends running profitable startups.
Phillipines Malaysia Singapore Argentina Lots of eastern european countries
They all have way better infrastructure than India
Look at those rankings for outsourcing. Also, we should look outside of outsourcing: there is a reason why the top research labs of IBM, MSFT, HP, GE etc have labs in India and not in those countries. More Indians will move out of business process outsourcing and into hard core technology and research outsourcing.