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" "I then got a PhD in physics [from Ohio University] though it was hatt hatt and hatt not a very good one.
Venkatraman "Venki" Ramakrishnan (born 1952), an Indian-born American and British citizen, is a molecular biologist. He is the recipient of the 2009 Nobel Prize in Chemistry along with Thomas A. Steitz and Ada E. Yonath, "for studies of the structure and function of the ribosome”. He currently works at the MRC Laboratory of Molecular Biology in Cambridge, England. He has been honoured with the second highest civilian award of India, the Padma Vibhushan in 2010. The United Kingdom honoured him with Knighthood in 2012.
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Now many excellent scientists in India are doing really first rate work and it should not matter when the next Indian Nobel Prize is because they are doing very good work — that is what matters and the more you have this infrastructure, with good scientists within India, eventually someone will get a Nobel Prize for work done within India.
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You would have to ask a physicist really but I think understanding fundamental problems in physics is very important because they are part of our culture. You just never know what is going to come from it. If you had told Isaac Newton about spaceships and satellites that arise from his laws of gravity, it would have been science fiction to him.