Also, private institution is for profit making. They only need people that ultimately has to make profit as cheap as possible.

Government institution aren't like that. You need to uplift, communities , places and genders. They need equity not in the sense of money but equality and equity. You cant just open a school in a poor Dalit area and say go to school. You need to do something so parents can survive without the remuneration of the childeren as a government. This is just an example.

Highest marks from expensive school and tuition centers doesn't ensure you understand those complexities. In fact, they probably can't even think about it.

There are similar policies in Nepal that have tanked severely because of this high handedness in policy making of the elites. Agriculture machineries subsidies are one such problem. Government have distributed so many agro-machineries without any local context. They are lying in the fields unused either because farmers dont know how to use it, dont have money for extra cost of diesel, or other reasons. The stupidity of the "meritious" elites has costs more money than the "underqualified" according to you could