"When compared to other nations, the Indian education system is far behind. Institutes such as Harvard, MIT, Stanford, etc., lag behind top tier institutions such as IITs and IIMs.
There is a stark difference in teaching methods, realistic approach, brainstorming, etc., when we look at undergraduate programs and compare the US to India. While India is now emphasizing college-level innovation and carrying out many initiatives, it will take a long time to reach the point where Stanford Harvard is located.
Anil K Gupta, Michael D. Dingman Chair of Strategy and Entrepreneurship, University of Maryland, once claimed that institutions such as MIT and Stanford, the US powerhouses of technology, the undergraduate students coming out do not do any research. An undergraduate student who does some study may be a rare example. They're there to take courses and do assignments; they're not there to do basic projects.
This is where there is a significant gap in what happens at MIT, Stanford, Princeton, and Harvard versus what happens at IITs and IIMs when looking at the graduate programs, Ph.D. programs, and faculty studies. IIT still has a long way to go as a research institution.