Teachers – The Blind Spot in India´s Education outlook

Most independent observers of India have agreed that Education will be one of the main hurdles to India becoming a true developed country. The arguement most of the time has been that the poor funding is the main reason for poor education.  One would imagine that the schools where toppers start get hired with offers of hundred s of thousands of dollars as starting salary should be better off. Well it is not so judging by this study  http://www.assocham.org/prels/shownews.php?id=1528 . In short, most Indian Management Institute professors and lecturers have no idea about Indian economy.  That probably explains why most of the time Indian Educational Institutes lag in world rankings.