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A caveat : The pool of IIM or IIT aspirants is a very low signal to noise ratio. It's not just that they are hard to get into, it's the number of people who aren't prepared for it but still pony up the entrance fee. I'm sure that's not the case with Ivy leagues.

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That's just not correct. IIT's are exceptionally difficult to get into. The entrance exams(IIT JEE) nearly kill the kids.

Plus in the scale of India's population you get a lot of kids, who are working for years to crack the examination. So the only way to create a selection process is to have a crazy difficult exam.

Please read the comment again, I think you interpreted it incorrectly. I'm saying, lots of people are forced to appear for IIT/IIM due to peer/parental pressure but they are clearly not even close to prepared for it. This isn't the case with ivy leagues i.e. bound-to-be-rejected applicants are far lesser with ivy

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