Hello ,

IITs and IIMs are the top most institutes in the country which produce exceptional students , which and this students gets placed in the top companies with very high packages , or they become successful enterpreneur , successful business men, become IAS or IPS officers or serve the country in many other ways , also in some cases they get placed abroad with very high packages , so indirectly they help a lot in growing the economy of the country , so the government is not going to stop funding these institutes completely , but as per the new instructions given by the HRD , no new IITs will be funded for making swimming pools , shopping complex , cafeteria , conventional hall with more than 500 seating capacity . But the government has not stopped funding for important things , so it is really hard for government to stop there fundings.

Hope it helps ,

Thanks