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The Indian govt is surely stupid in subsidizing higher education in place of primary education. However, there is a flip side. Even though the people are allowed to migrate, it is the same people who have brought the IT industry to Indian shores. According to a study commission admittedly by IITians, there is a positive economic benefit to funding IITs.

http://articles.timesofindia.indiatimes.com/2008-11-25/india...

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More than stupid, the Indian government is clueless and careless about how it spends its earnings from the 2-3% of Indians that actually pay income tax. That coupled with rampant corruption and politicians only interested in saving their vote-banks adds to the woeful state of affairs.

If the Indian citizens started being more demanding about how their money was being spent, on whom and the ROI per rupee of tax collected, the government and the politicians would be forced to change. See, http://openspending.org/

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