Rationing is a measure which is taken up when the demand is more and supply is less. Rationing of food items takes place mainly in case of natural calamities like drought or floods.
What we see now is rationing of seats for higher education. It is happening because there are not enough seats available compared to the number of students. Now education is not something which grows in fields and so number of seats should not be effected by natural calamities. So the blame of not being able to provide education should lie with the authority who is responsible for it, in this case the government. Now instead of providing more seats the government has resorted to rationing of seats, which clearly implies that government believes that it is not capable of providing quality technical education to Indian students. This is not a great sign for India's future. IITs and IIMs are already understaffed. Also they are finding very difficult to recruit new talents. Question arises that for how long IITs and IIMs will survive based on the reputation of their alumni? If this is the case now what is the guarantee that the current education setup will last long. So it becomes advisable for students to look at other countries for greener pastures. Very soon IITs and IIMs will become part of history just like Presidency College of Calcutta .