Though some are top-pf-the-world class like IITs, most of the schools (at all levels) are pretty bad, so only low skill jobs are possible for the vast majority

Though some are top-pf-the-world class like IITs, most of the schools (at all levels) are pretty bad, so only low skill jobs are possible for the vast majority of the population. That was true in China 30+ years ago, when it had its demographic boom. It now has to deal with an aging population and a different global economy. Today India is demographically a lot like China was back then, and there is some geopolitical desire to diversify the supply chain away from China-only. Thus many are counting on India to be able to tread the same path China did. We shall see.