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Does India value academic qualifications?
India is a country that attaches importance to elite education and natural science education. The population of India with bachelor's degree (there is no junior college in India) and above is 94 million (the statistical source is the number of registered college students in India), accounting for 7.4% of the total population.

India now has about 25 million STEM talents, second only to China, and 2.3 million STEM students graduate every year, so unlike Southeast Asia or other emerging markets lacking technical talents, India is rich in technical talents, so it is not too difficult for you to find a technical R&D team locally. What you need to consider is how to manage Indians. This has brought this country a huge competitive advantage in the long run.