NEWS

Sixty Minutes on IIT - CBS

...the smartest, most successful, most influential Indians who've migrated to the US seem to share a common credential: They're graduates of the Indian Institute of Technology, better known as IIT. Made up of seven campuses throughout India, IIT may be the most important university you've never heard of ... This is IIT Bombay. Put Harvard, MIT and Princeton together, and you begin to get an idea of the status of this school in India ... With a population of over a billion people in India, competition to get into the IIT is ferocious. Last year, 178,000 high school seniors took the entrance exam called the JEE. Just over 3,500 were accepted or less than 2 percent. Compare that with Harvard, say, which accepts about 10 percent of its applicants...impact of IIT graduates has been on the American technology revolution ... "I can't imagine a major area where Indian IIT engineers haven't played a leading role "... It isn't just high tech ... Fortune 500 headhunters are always on the lookout for that IIT degree ... And the American companies love the kids from IIT ... Nehru, India's first prime minister, created IIT 50 years ago just after independence to train the scientists and engineers he knew the nation would need to move from medieval to modern. He never imagined India would be supplying brainpower to the whole world ...

INFOSYS CHAIRMAN MURTHY: ... my son ... wanted to do computer science at IIT. To do computer science at IIT, you have to be in the top 200 and he couldn't do that, so he went to Cornell instead.
STAHL: Think about that for a minute. A kid from India using an Ivy League university as a safety school. That's how smart these guys are ...

MURTHY: ... Nehru wanted all these young men and women to contribute to the success of India, and they are contributing to the success of India ... Some of these people who have reached the higher echelons in the corporate world in the US, you know, they have persuaded their corporations to start operations in India, whether it's Texas Instruments, whether it's General Electric, whether it's Citibank.

KHOSLA: I have no question that India now is benefiting significantly from the cycling of knowledge, the back and forth, no question about it ... How many jobs have entrepreneurs -- Indian entrepreneurs in Silicon Valley created over the last 15, 20 years? Hundreds of thousands, I would guess ... For this society, here in America.

HINDUSTAN TIMES(9th Nov 2009) : That the economy is turning around can be felt on the campus of the Indian Institute of Technology, Bombay, where the placement season looks promising ...