Most of the students complained that after passing the toughest exam in the world, called Joint Entrance Exam or JEE, they felt let down since they were not challenged or inspired by IIT teachers. The teachers said the students do not read or attend classes and are just not interested in studies any more. I think the truth lies somewhere in between.
http://www.ummid.com/news/2011/October/25.10.2011/what_ails_iits.htm
http://www.ummid.com/news/2011/October/25.10.2011/what_ails_iits.htm