What do you want .. an IIM helping the city grow or the city helping an IIM grow? FYI ... the Kerala govt is pursuing an IT park project and six of our students along with faculty are involved it. Then each student needs to work on one Social Development Project, wokring closely with the state govt/NGO. True there are difficulties, but that does not mean its a mistake. Your theory is very much placements/corporate oriented, K has proved everyone wrong on this account as well !! Your theory, not only is false but also looks at an east way to go about it. "Just because parents have difficulty raising a child it does not make the child a mistake" Whats next MINT: Raising a child a mistake: Hire a babysitter ??