I totally agree with you on this. Your question opens another wormhole of Indian governance - Reservation Quota that hands over the technical and job sector to under-qualified candidates.
I am not against creating opportunities via reservation in the primary education sector. But I am not for reservation in the job or college education sector. Because both college and jobs require quality control ! ... Anyway, this is another debate. I agree with what you say. We suffer the result of lack of knowledge and vote-bank politics in the government sector :) . Finance is government controlled ! :)