Does Studying in IIT or NIT or Tier 3 college really matters?

 Does Studying in IIT or NIT really matters? I don’t want to give false hope to you.Be practical. Practical Example: For making you understand clearly I will give you an example of my friend. I have a classmate who just missed IIT (he got 100/128 in mathematics 80/128 in physics and -3/128 in chemistry) . When he came to my class I thought that he would be the class topper. His father bought him a smartphone. He started watching movies and TV series and became addicted to it as a result he has 2 backlogs in 1st semester and 4 backlogs in 2nd semester. Do you think these types of people will get placement? Even in IIT Bombay the placement is not even 70 percent because many people think that their goal is to study in some IIT or NIT and they feel their goal in life is completed (I am not talking about all but many people will be like this) many people will start spending their time in watching web series, movies, comedy shows, etc,. but around 30 perce...