How much IITs earn for Government

Earning of IITs through research, inventions, consultancy and patents

The Indian Institutes of Technology (IITs) are bestowed by Government of India to offer best of the higher technical education and conduct groundbreaking research programs. For the purpose the government allocates budget for functioning of these institutions in each Financial Year. These institutes not only earn name and fame by producing eligible human resources but also earns revenue from various sources like research, inventions, consultancy and patents.
The Ministry of Human Resources (MHRD) has disclosed earning of IITs. The IIT Bombay has grabbed the top spot. Below are given earning figures for the last three years

Indian Institute of Technology Bombay (IITB)

Year 2017-18 : Rs. 17.99 Crore
Year 2016-17 : Rs. 17.11 Crore
Year 2015-16 : Rs. 10.55 Crore

Indian Institute of Technology Madras (IITM)

Year 2017-18: Rs. 11.67 Crore
Year 2016-17: Rs. 10.87 Crore
Year 2015-16: Rs. 7.15 Crore

Indian Institute of Technology Delhi (IITD)

Year 2017-18: Rs. 10.61 Crore
Year 2016-17: Rs. 8.841 Crore
Year 2015: 16: Rs. 7.030 Crore

Source Times of India Dates 22 July 2018

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