IITians contribution is Rs 20,00,000 Crores
The interim report of the IIT Alumni Impact Study 2008, commissioned by PanIIT, an umbrella organisation of IIT alumni, says nearly 200,000 alumni of the country’s premier technical institutions have been associated with Rs 20,00,000 Crores of incremental economic value creation across industry, government and entrepreneurial activity over the past five decades.
The IITians have also been involved in the creation of 20 million new jobs, which roughly translates into one IITian creating 100 jobs and every one rupee invested in an IIT has had an economic impact of Rs 15.
Zinnov Management Consulting, a private consultancy firm, which undertook the survey, arrived at this estimation by extrapolating the figures submitted by 4,573 alumni who have till date participated in the web-based survey, according to Rajan Srikanth, the coordinator for the IIT Alumni Impact Study.
The study was launched to take stock of contributions made by the IITians across professions and geographies since the first batch graduated out of IIT Kharagpur in 1956.