UGC asked('recommended') universities to increase the number of Ph.D scholar by 5 folds in next 5-10 years time. University principals and chancellor came back saying "Ph.Ds don't grow on Tree" giving reasons why this is difficult or impractical. Some points are worth discussion/pondering. (Times of India 4 Nov. 2005)
1) Students are not sure of Job after spending 5 prime years of their life doing Ph.D, govt should ensure jobs for Ph.D candidate (will argue below)
2) Funds are not sufficient (No argument its practically true)
3) Many Professors are not getting time to guide research students because of their heavy involvement in general Academics( worth thinking)
4) Most faculty are already guiding maximum number of Ph.D's they can guide(6) [ discussed below]
Point 1) wtf? Job seeking after doing Ph.D. Are we making people do Ph.D to do normal jobs? AFAICT a person who does a Ph.D should be worthy of choosing his company and pursue work on his area of interest ( some slight adjustments might be needed). Lectureship should be a great job(?) in itself. IIRC current demand of Ph.D in Education sector is around 20000 to 30000 (source Dr. U.R. Rao's talk at IIIT). That is good enough for targetting 500-2000 Ph.D per year.
Point 2) is Correct. Companies in India are not mostly worthy of Knowledge but of experience, I am quite sure if a B.Tech with 5 years of work exp is seen more value adding than a Ph.D by most companies, 'coz all they want to do it work which doesn't require any knowledge or brain application but just work which can be done by any person after training(for 2-3 months), sometimes I feel a 12th pass with 4year experience would be considered better than a B.Tech too.
Point 3,4) As said the solution is the increase in number of Ph.D lecturers in each college.
Infact a better way to increase number of Ph.D is the research exchange programme. The idea which is used by many countries from Syria to Ethiopia to get people to go abroad on government expence do Ph.D and come back and teach in the country for sometime.
People who have passion for research can find very good professors to work under abroad and in 5 years they will gain good enough knowledge to come back and share and enlighten 5-6 people per head(they might be obliged to do this themselve or by bond or contracts in lieu of government's expenditure on them). This process seems to have worked for China, Why can't it work for India. When there is sufficient number of people in India itself and research atmosphere is set, people can come up with good research work by working in the country itself probably.
Another point: IIRC IITs and many other government colleges seems to get lots of Fund from UGC( or government) for producing the MTechs. Noting that most of the M.Techs from IITs end up doing nothing but simple software jobs, which many graduates can do without doing a M.Tech, why not think of better way of spending this money? What I mean to say is if all M.Tech is doing no good to the intellectual strength/improvement of the country why not scrap the support for that program and support lesser a number of people doing Ph.Ds or Master of Science by Research (assuming MSbR does motivate many people to join Ph.Ds) ?