AerospaceEngineer
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Yes IIT does offer PhDs in most fields of engineering and basic sciences. But often the IITans chose foreign universities because of the strength in the areas of research and a funding. The people who pursue PhD programs in the IITs mostly come from the second tier engineering colleges and other universities although lately I have seen some IIT grads staying back to pursure their PhDs in India... depending on their area of interest and research.
I see.
I too might ended up with a PhD in stanford.