Hari AUM there was a time but now from abroad students are coming to study here we are not lacking behind in my own research centre there are 50% from out side India....Hari AUM

Studying Abroad is a pretty safe option. I can speak for at least speak for Masters in US. What you need is to have your parents fund at least first or second semester. Some universities have a plenty of scholarships. Once you get a Research/Teaching assistantship(RA/TA) they waiver your fees and pay you a monthly stipend which easily covers the amount required to stay there.
Dont be close minded that studying abroad is for people with rich parents. Also by working one or two years there you can easily recover the cost and bring plenty of money back home.

If someone has excess money to spoil... and less wisdom... backed by illiterate parents ... then ABROAD... otherwise INDIA

Real professional exposure / good faculty is available only in IIMs and IITs. If you are educated in these IITs and IIMs - no need to go abroad.
I have observed that many intelligent guys fail to stand in top 5 % as they lack CRAMMING POWER - in majority of academic institutions CRAMMING EXPERTS occupy those 5 % space.
IF YOU ARE NOT INTELLIGENT - it will be very difficult for you to SCORE in GRE / GMAT. May be you succeed in doing so - but when you go abroad - chances are that if you are MUGGER (CRAMMING) you will not be able to keep up your GPA during the studies abroad and find it difficult to clear your graduation. There weight age is on intelligence and not the cramming power - even you can refer books while appearing for the test !!!
Because those tests are designed to measure your intelligence and analytical skills - after getting exposure to real professional problem (case studies).
IF ANY BODY WHO HAS THE RESOURCES should go to study abroad as Studying abroad helps you. ...more

nOW U HAVE MANY FOREIGN UNIVERCITIES PROVIDING DEGREES IN iNDIA SO NO NEED TO GO ABROAD FOR STUDIES.

india is in no way less developed in educational facilities than other countries........