[hsrada]

> Amount of non-IITians running/starting industries far exceeds in number. And they don't get the same funding...

Can you give me a source on this? One that compares the economic contribution of students from the next-10 colleges in India and finds it to be more than that of the IITs. Because otherwise, you're comparing different sample sizes and your statement becomes trivially true as a result.

> But by and large most IITs are largely places to train people, and send them to foreign countries.

Try looking up statistics of what % of students go abroad immediately after graduating from an IIT. Perhaps that might help you revisit this assertion.

> An argument could be made to spend this money to improve public schooling infrastructure in India.

The government's already spending 10x on that than they are on Higher Education. (2009) https://en.wikipedia.org/wiki/Education_in_India#Budget How much would an extra 0.5x help.