Sorry to jump in, but IMHO we are just moving away from the crux of the discussion in order to console our egos...
I agree, there is no reason to to compare the selectivity of IIMs with Top US B-Schools because quality , not quantity of competition matters.
But that was an aside of the discussion. What Ashish wanted to establish were some reasons why more and more Indians are trying to get US MBA. And his logics on easy availabbility of loan and growing Indian middle class, non availability of quality education etc., are just apt.
"BTW, statements like "I've been there dude" never impress your audience"..sure! neither does statements like "many of us who have been out of India for past 6 months can get into IIM comparatively
easily".
if someone wants to "teach.. humility" , then please teach everyone who needs it regardless of one's affinity to the teachers thought.

leaders need to be consistent at judgement.

I apologize if I sounded rude. What I meant by "Easily" was that we do not have to appear for CAT by the rules (they accept GMAT if you have been out of India from July to December). and get advantage of current international experience.
For me it is "comparatively" much easier there because I literally do not have anyone to write good recos (Desi Consulting, for those of you who know what I mean).