The truth about Indian graduates is what everyone in India knows about and yet no-one refutes when another "Indian millennium is on it's way" headline hits the day. Everyone calmly believes in the classic fashion of the ostrich that if you have your head firmly in the sand, then no-one can see you. Even the few articles that see the day of the truth are just wanting to sound different from the rest of the media.

Like this one.

Estimated at 14 million, India's supply of young professionals is 1.5 times the size of China's, almost twice that of the U.S., and topped up by 2.5 million new graduates every year.But our HR professionals judged that only between 10% and 25% of the country's graduates would be hired by multinationals, with the proportion varying by field of study.

Only about 10% of Indian students with generalist degrees in the arts and humanities are suitable, compared with 25% of all Indian engineering graduates. The graduates' different levels of skill reflect the varying quality among India's universities. The best are superb, but many of the rest are indifferent, and the best graduates from the top schools often emigrate.

Read more on this article on Rediff comparing the talent pool in India and China.