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The authoritative QS World University Rankings has listed IIT-Delhi as the country’s best institute; but, at 212th, in the global ranking. The next one, IIT-Kanpur, is also at 278th, with nine others making it to the 300-list. Not having at least one of the institutes in top 200 list underlines that we still have a long way to go.
Moreover, India is the only BRIC country not to have a single university in the top 200. This clearly means that even though we have many brilliant students, we still have a lot of catching up to do as far as providing top-notch universities goes.
One of the main reasons why India lags behind is the absence of international flavour, either in its students or teaching faculty. However the education in India is the cheapest for the students of many countries.