Tuesday, November 25

The IITian! :-)

For the past three years here at IIT Madras, I have always had a nagging feeling of 'exploiting' the resources of the country. "The government spends a fortune on each IITian", "Brain Drain", "IITs are a social disaster" and the likes...

Infact, the best of them all is Prof. MS Ananth's oft-heard comment - "Nehru created the IITs as a step to build the nation, but he did not specify which nation." - with an obvious reference to Obama's country.

Pan-IIT 2008, the global IIT alumni conference that is going to be held in December at IIT Madras has come out with a fascinatng report on the contribution of IITs to India. The numbers and facts that they have managed to put together is amazing, to say the least. Quoting from a couple of news articles, this, here is a summary of their findings:

  • Over the last 50 years, the IIT alumni have created over 2 crore jobs, which translates to 'Each IITian has created 100 jobs'
  • One in 10 IIT alumni have started their own companies, with over 40% of them being serial entrepreneurs. Two-thirds of the companies founded are in India. In the last 15-20 years, most of them have preferred to start up in India
  • Budgetary responsibility of IITians is over Rs 40 lakh crore ($885 bn)
  • They are associated with incremental economic value creation of Rs 20 lakh crore ($450 bn)
  • Every Rs 1 invested on an IITian has created an economic impact of Rs 50 at the global level. Of this, India’s share will be Rs 25, says Manu Santhanam.
  • 54 pc of the top-500 Indian companies have atleast one IIT alumnus in their Board of Directors
I am eagerly waiting for the organsition to release the methodology and other findings of the report.

An important factor that should not be undermined is the numbers associated with the IITs. It is the largest organisation in India, by number, to churn out technocrats. Perhaps, no other institution/organisation has such a scale. Hence, these figures should not be taken at face value. That said, for the 3-odd lakhs of engineers that graduate every year, the three thousand of the IITians seem to make a distinct mark.

But, if you are in the limelight - bouquets and brickbats alike follow. I was going throughtthe comments section of one of these articles and here's what I stumbled upon. I would highly recommend you all to read the comments.

One thing is clear from the comments. Although the findings of the report purely talk about only the contribution of IITs and the their alumni and has not criticised any one, a lot of people seem to have been offended and have given baseless reasons to ridicule them. Comments like 'They are patting their own back' 'They should give credit to others' 'You find them selling soaps in FMCG and giving loans in the banking sector'.

(To be completed..)

2 comments:

naren krishna said...

nice crap ra mama!
Kitna jobless hain bey thu!

Usha. said...

ppl can go any lengths to ignore facts...and of course, to make their claims true(the oft-heard cliche not all IITians r successful and talented), they've raised all this stink about reservation..and obviously not all talented ppl come into IITs, but also graduate as the same bunch of dunderheads they were! so u can tell these critics these dunderheads are the ones selling soaps r watevr...

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