I dont live in India, but my parents, School teachers, Heads, Mates and every other indian I've met here in UAE have all adviced or dreamed of going there, After hearing about it in my middle school, i was impressed.. I made it my goal, not untill i heard about MIT, Stanford, Princeton XD
after watching the vid, i felt that my school itself looks thousand times better than that place.. o.o' but I agree, that to get there, is no piece of cake, even though they dont look like any fancy smancy college, it is the hardest to get into in the world.. no kidding, i've tried some of their etrance questions XD i should know..
And its pretty sad that 2/3rds leave india after all the subsidies and knowledge its given to them (did i mention its only about 700$ for tuition, food, dorms etc) the dorms look like they are prison blocks XD
but They make indians proud by spreading knowledge and it spreads its most talented people throughout the world...