Of the three perspectives, Jalote's is by far the only balanced take on the issue; after discussing a particular model of autonomy that's worth working towards, he concludes on a realistic note:
It is, however, not clear whether the government is willing to give this form of autonomy and, perhaps more importantly, whether these institutes are willing to accept the responsibility that must go with autonomy.
The perspectives from the other two gentlemen, on the other hand, are absolute trash. Take, Ranganathan's for example. After offering a whole bunch of excuses for why the IIMs have not had a stellar research record, he has the audacity to propose the following as a 'solution':
The government can solve this problem by pouring money on the IIMs but keeping their hands off after that! Reputation building takes statesmanship, long-term vision and a Warren Buffetian aloofness.
Perhaps someone should remind him that this is pretty much what the government has done so far.
For his part, Mohandas Pai inserts this boilerplate:
...[P]rivate educational institutions are discouraged from being established because of our perverse belief that education belongs in the public sector.
This is inane, unthinking bullshit. When you look around, you find tons of private colleges, deemed universities, and management institutions. [Even at primary and secondary levels, there are tons of private schools, and their number and the number of children studying in them are increasing.] We are at a stage where most of our engineers and MBAs are from private institutions. Our problem is the poor quality of education in these institutions (and in some of our public ones too). Our problem is our regulatory authorities' poor record of regulating them. Our problem is the shady ethics and corruption in the private colleges -- taking bribes from students, paying a pittance to their teachers, and doing nothing about the poor infrastructure. And our problem is also an inability to dissuade ex-politicians, their ex-thugs and other such shady elements from starting educational institutions.
But our problem is certainly not "our perverse belief that education belongs in the public sector."
As can be expected, the rest of Pai's 'perspective' is filled with more such inanities about financial autonomy in IITs, faculty salaries, etc.
Sigh. Yet another wasted opportunity.