IIT= 2k seats, top coaching institute in my friend's city had about 20 rankers in top 2k. Fees of over 2L per year, about 2000 students (give or take) gives a revenue of ~ 40 crore... Imagine running a business with hit rate of barely 1% and still people paying you for opportunity to be your customer (about 2k as entrance exam of coaching institute because why not?) Name a better industry to make bank even if you're a failure? What can be done to save countless souls from this hell hole and actually help them pursue what they really want? Who's the culprit? These parasitic coaching institute or the parents who force their kins to slog day and night in these factories?
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