"Students pay subsidized tuition at a fraction of the real cost of their education. The Indian government subsidizes over 80% of the costs of the IIT, with alumni donations only accounting for under 3% of the system’s budget. “While the total government funding to most other engineering colleges is around $2-4 million per year,” a critical article writes, “the amount varies between $18-26 million per year for each II…
http://articles.timesofindia.indiatimes.com/2008-11-25/india...