Now anyone with a little IQ would know that best interests of larger section of society can be served with improvements in elemetary and middle education. Everyone knows that. But there is hardly any drive from government to uplift the level of elementary education in the society because it is not attractive enough as it does not benefit the creamy layer of the society.
IITs and IIMs are the Goose With the Golden Eggs who are liable to be killed sooner or later. Over a period of time, I see government becoming irrelevant and private institutions gaining at the expense of IIMs. The rise of ISB is an example. We may see many such institutes coming up in future (or people going aborad on droves to get educated). With continued government meddling in the IIMs and IITs, these institutes will slowly lose the capability to adapt themselves as per market demands. It is sad and I do not see a way of stopping it from hapenning. If not Aurjun Singh, some other politician would try to kill these institutes for some political mileage.