The primary difference that I have found between the system of education in India and other countries, particularly the U.S., is that they focus on problem solving and relating theories to reality around them. These two things are lacking in the education system in India.
When you are in business for a long time, you go through good times and bad times. When you go through bad times, you learn to control costs, satisfy customers better, satisfy employees better and become more transparent. Therefore, you build character in the company.