Doesnt matter how selective they are if the Budget of 1 MIT is $5 Billion while the budget of all 23 IIT is less than $1 Billion. There is a reason why so many Indian scientists move out of India.
I'm not sure what point you're making, but if anything, that makes this MORE impressive not less, if they can do great work with little resources.
I think it’s good for people outside of India (myself included) to know how competitive life is over there. Indian research institutes seem to be truly top notch and they deserve due respect. That was my reason to share.