Once there were few who criticized communisim. Now I see cirticisms against privitazation/capitalism. We have to take one stand. Do not complain that IT/MBA's get more jobs. In every country people get jobs only in the industry that is hot. In the US, I have seem many college graduates doing clerical jobs not related to their degree major. Now there is this rage called quixtar or quickstar (whatever it is called) in US. I know of even some bright PhDs giving up their research and venturing into it. Money and interests never go together. It is the rule of this world, not India.
If you feel IT is the India's trouble, well, then let's get rid of it. Actors and actresses are paid like in hell. Do you worry about it? After all, its due to IT that India got a global attention. In fact, investment in IT is the wisest thing to do as it just needs only man/brain power and not any advanced infrastructure, like those warranted by an automobile or air craft industry.