"The minister thinks that kind of success is India's next frontier, so has put the IITs on notice they need to get busy creating the kind of entrepreneurs capable of tapping global zeitgeist."
No, mate, what you need is to become a place where such individuals want to stay. In my experience there are plenty of smart Indians, problem is very few of them live in India - virtually all of the intelligent ones I've met seem to have moved elsewhere as soon as someone offered them a visa. Take a look at how your country ranks for things like air pollution, healthcare, public education, personal safety, complexity of regulations, or corruption, and do something about it, because as long as the intelligent choice is NOT to stay in India, intelligent people will surprise surprise... tend to not stay in India.
Biting the hand that feeds IT
