Many people quit their existing jobs to work in the IT industry which in turn leads to the downfall of the other industries 

The fact that the best minds do not, want to become teachers and this, in turn, leads to good students-seeking knowledge elsewhere

The fact that people working in the IT industry do not pursue higher studies which, in turn, leads to the deterioration in quality of employees 

The unending use of resources by the IT industry leading to a dearth of resources in the country

Less grants are being provided by the Government to academic institutes which, in turn, leads to poor quality students joining the same