Market for trading IIT JEE toppers!

Gulzar points to this interesting newsitem. People always have some innovative ideas for making money.

This person figures out the huge demand for toppers at IIT’s entrace test by the various IIT training institutes. He would figure out the toppers from few places and then sell their names to the coaching institutes. The coaching institutes would then have a choice to pitch their coursework to these students or even pay them, so that their names and pictures could be released with the institute’s name at the time of results!

 The whole thing was then exposed by ToI. Well, what can one say to this??

This huge caraze for IIT and lack of promising careers in other professions leads to all kinds of perverse incentives as Gulzar calls it. Just look at the stakeholders and huge stakes in what is just an entrance exam.

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