When I was a student of engineering, I hated my college a lot and wouldn't go there regularly. My percentage of attendance always remained less than 75% and even had 14 backlogs then. Engineering education lacks quality. Those who study hard end up getting some high CGPA scores but not the knowledge. I can assure anybody can learn anything in this computer-era. Formal education fails to get updated.
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The quality of education in India has to improve a lot. On the positive side, we have great institutes too. But then only few will get into those. So motivated students must take online courses like edx, Coursera, MIT ocw, nptel from internet. And Khan's academy too!