The Indian Institutes of Technology (IITs) are a network of engineering and technology institutions in India. Established in 1950, they are under the purview of the Ministry of Education of the Indian Government and are governed by the Institutes of Technology Act, 1961. The Act refers to them as Institutes of National Importance and lays down their powers, duties, and framework for governance as the country's premier institutions in the field of technology. 23 IITs currently fall under the tenor of this act. Each IIT operates autonomously and is linked to others through a common council called the IIT Council, which oversees their administration. The Minister of Education of India is the ex officio chairperson of the IIT Council. According to data obtained through Right to Information (RTI) applications, approximately 38% of Indian Institute of Technology (IIT) graduates from the class of 2024 have not secured job placements. This is the highest percentage in the past three years, with a steady increase from 19% in 2021 and 21% in 2022.
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