Favour * India is not a developed country here literacy ratio is very less so government should concentrate on make more people literate rather then concentrating on small group of population * Students from IIT IIM are moving out of India serving other nation's organization that is really awful * India is democratic country. Democracy can only be successful in only one situation that everyone should literate that could be achieved by concentrating on primary education * Spending huge amount of money on IIT & IIM is dividing the nation in 2 different communities one community is not even having primary education where other community is having higher education * The most of the people going for the IIT IIM are self capable so government should make all this institutes self financed and stop funding.
Against
* Still India in development mode so need of these institutes to promote our young talent to international platform. * its true student from IIT IIM are moving out but they are sending back money to the country eventually that money is getting utilized in India itself. * The phase of development through which India is passing by needs more reorganization of Indian talent pool, which surely needs the more better higher education for young Indians. * For democracy we need policy makers so we needs few people who are Indians who can create better systems for us IIT's IIM's producing such kinds of brains. * Students from other countries are coming to India so eventually revenue coming back to government pocket.
Conclusion
* We cant compare the primary education, which is vary vast area with IIT IIM which is concentrated to small area. * Funding to IIT IIM can be self financed but there should be proper mechanism and student should get scholarships in case of fees