There is no denying the fact that India is on the fast track. It can boast of definite and visible signs of growth. At the same time, even today, the best jobs that people like me can aspire to are being offered by multinational companies. This is something one needs to think hard about.

There are a few technological start-ups here and there in India, but the prime jobs in terms of pay and perks still comes from foreign companies alone. My question is: If people as skilled as the IITians are honing their skills at the MNCs, why can't they have companies of their own? If MNCs pay big money to IITians, I feel the latter can transform that big money into entrepreneurial ventures. It's a difficult choice no doubt, but one has to have the courage to make it.

I am aware of the fabulous job offers we will get at this point. But should we accept those offers blindly? Shouldn't we make an effort to be useful to our country instead? I am leaving for Stanford (University in the US), as I plan to do my PhD there, but that won't prevent me from coming back and working in India.

I want to do what I enjoy doing: Research and analysis. I hope to launch my own company after I come back from Stanford. It will definitely be a non-IT company with a spine strong enough to recruit IIT talent. It will mostly be associated with research and development, where the scope seems to be huge. It will work towards the growth of India's economy.

If India is registering 8 per cent GDP growth, I don't see any reason why we should work for multinationals. Rather, we should have the rest of the world working for us.

Encouragingly, many of the job offers we IITians have been getting for the last couple of years (compared to statistics a few years ago) are from Indian companies. This is definitely a positive sign.

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There was a time when people used to think of settling abroad immediately after passing out of the IITs. But this is not the case now. Many of my classmates are serious about making a career in India. That's why I am sure things are going to change for the better.

India's strength lies in its diverse population. Our country is a storehouse of talent and resources. Indian companies will never run out of skilled hands. The onus now rests on the corporates and entrepreneurs to make the best use of these brilliant minds.

Unfortunately, the education system in India is still far from satisfactory compared to global standards. Half the things we learn in schools and colleges are wrong. Take the case of the physics theories we are taught in class. Some of them are grossly wrong, yet you need to reproduce those wrong things in paper to do well in your exams. Nothing can be more ridiculous than this.

Another matter of concern is the IT boom. The best talent across the country is being absorbed by the IT companies alone. Be it the pay or the work environment, other Indian companies are no match for them. As a result, IITians, management graduates and top ranking students are thronging the information technology arena, leading to a polarisation of talent. This should not go on for long. Other companies should pull up their socks and strive to be at par with IT companies. Only then India can be assured of all-round growth.

Yashodhan Kanoria spoke to Indrani Roy Mitra | Photograph, video: Reuben N V