Well said.
Poverty, age old education structure, old traditions and thinking strategies has to get a major change. Then they launch this rocket and it seems meaningful by then.
Agreed, but at this point welfare, direction, basic education, tactical advantage, military advantage, logical thinking, karma and pretty much everything else is _exclusively_ ignored. Even in 'mericah it is now the private players doing the rocket rounds. Kind of like NASA, the big daddy, making way for the young and restless to come in and take over. Where would the strategy of having 'exclusive ISRO' stand in the near term?
Either you are saying: 1. India, for example, is _exclusively_ (i.e. completely) ignoring welfare - something that is clearly wrong as the country spends a lot on subsidizing food and basic amenities - you can argue the specifics of the program but can't say that the program is absent.
or you are saying 2. India is _exclusively_ focusing on ISRO, also something wrong - ISRO is a minute fraction of the budget
Why do you think that India should launch rockets only after all its socio-economic problems are fixed? There's no need to serialize them; they can all go hand in hand. Investing money in classical engineering and science might in fact help in alleviating said problems.
I, for one, don't mind government pouring money into ISRO. I am eagerly looking forward to Mars Orbiter in October, GSLV in December, SRE-2 and IRNS launches next year :)