You are correct about the numbers in absolute, but this is one of those cases where the stats are lying.
Once you go to university, it is relatively easy to get a job making around 2.5-4 lakh a year. The total cost of university stays under 4 lakhs for most people, which is an acceptable percentage of projected annual wage.
It is also a lot easier to live under your means in India, where a single person can easily live under 1.5 lakhs/year.
On the other hand, a university degree in the wrong major in the US can mean a $30k gig at Starbucks, with saving being nearly impossible and student debt worth $200k.
This applies only in the case of the US, because university implies a $100k student loan.