"Less than half of school-leavers get five GCSEs at grade A to C, including English and maths. It is predicted that China and India will soon be producing an extraordinary five million graduates every year, including 600,000 in science and engineering."
From recent stories in The Economist and other places I gather the 5M graduates and 600,000 in science and engineering include any warm bod that has signed up for a course and been popped out the other end, even if it is only a 80 hour fam, not near GCSE A or even C.
Bet the managers also like the E. European folks to work for less dosh too.