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Now, India's becoming world's IT lab

• Google , the world’s largest search engine, is all set to open a R&D centre in Bangalore. Leading Web portal Yahoo also carries out R&D work in Bangalore.;
• US-based chip maker Intersil is setting up a design centre in Bangalore.
• IBM has set up a research lab in Delhi to tap Indian scientific talent, one of the eight such labs in the world. It has 70 researchers in India.
• Mobile phone giant Nokia to set up a R&D hub in India.
• Intel conducts 15-25 per cent of its R&D outside the US. Its worldwide R&D head count is more than 5,000, with about 900 in Bangalore, where it expects to add 1,100 employees by the end of next year.
• Sun Microsystems has a R&D centre in Bangalore

There are more to follow. Hewlett-Packard , Oracle, Network Appliances, Advanced Micro Devices (AMD), 3Com, AOL… a veritable who’s who of tech companies.

Read More @ Now, India's becoming world's IT lab - The Economic Times

India is producing group of best brain in the world and that implies we have a very awesome higer education system and its actually working very effectively. One more reason why its working is that, regular Indian is more hardworking and willing to go extra mile to accomplish things.

But on the otherhand, we have one of the lowest basic literacy levels. See this link http://users.erols.com/mwhite28/literacy.htm. There is a urgent need for drastic measures to improve the system and move with a Vision 2020 - Mandatory Secondary Education for every citizen of India. That will be the most defining moment of India.