1) better infrastructure --> created out of govt's generous funding.,
2) The selection process... The selection process by IIMs / IITs are considered to be the toughest in the world.
Very few sheets are chased by very large number of bright students.
China is reportedly establishing about 2000 strong elite institutions. For India's size, we should have atleast 100 IIMs and IITs.
Govt should allow ISB kind of institutions to come up. The cost of ISB education is about 15 lakhs for one year program. People are willing to spend that kind of money and today banks are ready to finance.
Govt should allow such institutions to come on self finance models and that will be the need of the hour to solve many problems.
