From what my father tells me, the K-12 education system is also broken. The public education system is considered a joke in India to the point that anyone who can enrolls their kids into private schools as soon as possible. Most students who pass India's rigorous college entrance exam take extensive coaching(as my cousins have), and this results in a system of college acceptance being determined by wealth.
The thing is, I can't see change coming. India has yet to address nationwide corruption that cripples the whole country!