Of all the things I've lost, I miss my mind the most.
- (Mark Twain and me)
"The Indian Institute of Management, Ahmedabad, on Saturday announced a quantum jump in its fees structure raising it from the present Rs. 2.5 lakh per annum to Rs. 5.5 lakh per annum for the first year and Rs. 6 lakh for the second year of the two-year post-graduate programme in management." link
For years I've been advocating(to my friends :) ) that fee hikes are the way to smoothe the effect of brain drain(to some extent). PPl from premium institues are going to flee the country anyway, why not as well milk as much as money from them while they are there? Of course this doenst mean brain drain is still good. I dont know abt solutions to brain drain. I think there are none, unless India creates an equally rewarding and fulfilling ecosystem(career and society). Thats said, I think India is really democratic in the sense it doesnt try to stop somebody from fleeing. For eg, they can easily impose a stupid rule like -every IITian should be in India atleast for 2 years after graduation. These sort of rules are present in quite a few developed countries forcing them to serve the army or work in thier country(Singapore for eg)
ps: Of course increase in fee in doesn't(shudn't) prevent any student from going there, bcos (s)he cant afford. (Read the news). They will always be covered by fees from the majority of others who can afford.