For all the flak that IITians have been facing from several quarters, here are some interesting facts that can turn things around for them. Not just are the IITs one of the most respected educational institutes in the country, they are also great for the Indian economy. Imagine this. Every one rupee invested in IITs yields Rs 15. That’s right.
The numbers don’t stop there. When one student graduates from IIT, it results in a 100 new jobs. As per a report published in The Times of India, the report of the IIT Alumni Impact Study 2008 says that nearly 200,000 alumni of the country’s premier technical institutions “have been associated with Rs 20 lakh crore of incremental economic value creation” across industry, government and entrepreneurial activity over the past five decades.
IITians help in the creation of 20 million new jobs as per figures submitted by 4,573 alumni who have till date participated in the web-based survey
These are numbers for the IITs since the first batch graduated out of IIT Kharagpur in 1956.
The IITs, in fact, dish out graduates, and they are employed by 54% of the top 500 Indian companies that currently have at least one IIT alumnus on their board of directors.