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You ask this question and people here would respond: what good has ISB done to the people of Telengana?
Intellectual and managerial development? Or is that too glib a claim?
What have IITs, IIMs, and NLUs done for the cities in which they were established?
Yup most of Maharashtra Universities has Domicile Quotas as seen in JBIMS and GLC, (top tier institutions)