As a student of JIPMER, I would say that depression is prevalent among the students here, but whether it is in a greater proportion than state colleges, is difficult to comment on.
Even though Jipmer is among the most prestigious medical colleges in India, I can point to several factors which cause depression among students, despite being in one of the best institutions -
Language issues with Tamil
Failure to cope up
The life in Pondicherry
Aheli Bal, Mbbs student, JIPMER