Is PW sufficient for IIT?

Could you elaborate on whether the Power of Wallet (PW) metric alone is sufficient to determine the financial viability of investing in Indian Institute of Technology (IIT) related projects or ventures? While PW certainly plays a crucial role in assessing the potential returns on investment, is it the sole indicator that should guide our decision-making? Are there other factors, such as the quality of the project's management team, market demand, and long-term sustainability, that should also be taken into consideration? Your insights on this matter would be greatly appreciated.