[badman_ting]

The examples you point out only make this obsession sadder and more ironic, though. In other words, it can be the case that all of your examples are true and people in India still are obsessed with the MBA or engineering degree.

[pm90]

I don't see anything sad or ironic. As pointed out, these examples are outliers. How many others failed to make it and were so indebted that they could never dare to venture again? The concept of personal bankruptcy does not exist in India. Being an entrepreneur in India is much harder than in the US.