As one of your typical indian IT male mba candidate from last year, I have experienced some of the same feelings that you folks are going through now. I have been frustrated at times, pissed, felt dejected, wished I was born in Bhutan, and many others in that line.
Ultimately, after submitting many applications, appearing for interviews, and getting dings I was able to get myself admitted in a decent school. Looking back this past year, I would say that the only schools that called me for interviews (and where I had a better chance of getting in than the ones where I got dinged without interviews) are the ones for which I have spent the most time and effort writing the essays. Now when I read these apps and compare them with the unsuccessful ones, I can clearly see that I was able to write essays that focussed on specific qualities with lively examples and each essay was, as rhyme would say, like different chapters of the same book.
So, coming back to the original topic, I would say that it does not matter a lot whether you are Indian or IT or male or a mix of these 3, what matters most is that you stand out from the crowd. To do that, take some time, think hard on who you are and what things have been important to you in life (things that have shaped you and give you direction) and then kick some @ss on those essays