I am in India looking at the employment skills of graduates ... which are almost non-existent. They are very bright and they know lots of stuff but they have few practical skills ... they do not know what working in an organisation is like, how to prioritise and schedule tasks, how to cope with multiple deadlines,etc,

This is not just true of Indians.

So when you are recruiting staff make sure you pay attention to what candidates can DO, as well s what they know.