[thaumasiotes]

> Maybe india needs more "premier engineering schools" if the acceptance rate is so low. Harvard and MIT have acceptance rates near 5%.

The acceptance rate is not a "real" metric in the way that, say, the acceleration due to gravity is a quantity you can measure. Harvard and MIT do not have acceptance rates near 5%. They have an admission quota. If fewer people apply, more of those people are accepted. If more people apply, fewer of those people are accepted.

The reason for high acceptance numbers is that people perceive they are not Harvard/MIT material, and act on that knowledge by not applying to Harvard/MIT. Applicants need to clear a threshold well above the 95th percentile; the selectivity number is an illusion.