The revolution in Indian management education started with the establishment of IIMs in Calcutta and Ahmedabad in the early 1960s. With the liberalization of Indian economy in the 1990s and its unprecedented growth in the following years, happened the proliferation of institutions offering management education. From 2010 to 2018, MBA/PGDM enrollment in India has been steadily increasing. Now, there are over 13,000 business schools and MBA departments across the globe and India hosts around one third of them, demonstrating a substantial quantitative growth of management education in the country. Big numbers, however, bring large problems to the standard and quality of Indian management education.
Indian institutions need to enhance their quality of business education and raise the bar to meet the international standards. For instance, not many business schools in India have international accreditations like AMBA, AACSB and EQUIS. Although, many institutions have achieved NBA and NAAC accreditation, a large number of them are still not covered by any of the accrediting bodies. It is imperative for India to have a high-quality management education system in this fast-disruptive digital economy. We should equip our MBA/PGDM students to work across the times zones, languages and cultures. While designing the curriculum, which is now significantly influenced by the curriculum of US Business Schools both in terms of content and pedagogy, Indian academicians should put employability, innovation and theory to practice connectedness as the central focus.
In this issue of the Higher Education Digest, we have identified ‘25 Must Watch Business Schools in India,’ which are striving hard to give the students an in-depth mastery of the academic disciplines and applied functional areas necessary to every business leader’s success. The Cover Story features, Jaipuria School of Business, which is on a mission to stay ahead of time by imparting the latest knowledge and skills and grooming highly competent managers for the future. We hope that our efforts will help business education aspirants across the country to make informed decisions about their study destinations.