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Subsidy vs (scale/reach) issues

Today, one of the reasons why Mumbai (or Kolkata or Delhi) Universities see such a stampede at admission time: fees is impractically low. Maybe 20-30k a yr. Could've charged more & then scaled up the system to admit 5x the current intake.
Look at the tiny batch sizes - waste of capacity

some of these places routinely need 95+ for admission

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