A friend of mine who graduated from BIT Mesra was asked the same question. He does not think that BIT Mesra has gone down drastically.
It has, according to him, neither gone down in quality nor moved ahead particularly, in the pace the country has been moving ahead. BIT Mesra is one of the many industries that has not moved forward significantly.
It would be very difficult for BIT Mesra to compete with institutes that are applying for the “Institutes of Eminence” tag by the Central Government. In the foreseeable future, BIT Mesra will be an above-average institution; chances of it being perceived as a premium institution are slim.
However, my friend does hope that someone takes charge of the institution and pulls it out of the many uncertainties it is facing currently.