Indian Institute of Foreign Trade Inaugurates 57th MBA (IB) Batch 2022-24 with 419 Students; 58% Students with Work Experience; 49% Non-Engineers; IIFT partners with PayPal to Conduct Research on Indian MSME Exports

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MBAUniverse.com News Desk |
July 16, 2022
IIFT has inaugurated its diverse 57th MBA (IB) batch 2022-24 of 419 students for its Delhi and Kolkata campuses in physical mode on July 14, 2022. The incoming batch comprises 58% students with work experience and 49% are Non-Engineers. Dr. Anil Kumar Jain, IAS, Secretary, Ministry of Coal and Mines, Govt. of India was the guest who delivered the inaugural address on the occasion
IIFT Inaugurates 57th MBA Batch with 419 Students

Indian Institute of Foreign Trade (IIFT) welcomed its incoming 57th batch of flagship MBA (IB) 2022-24 program with 419 students who are admitted at its Delhi and Kolkata campuses. The inauguration ceremony was conducted in physical mode on July 14, 2022. The incoming MBA (IB) batch comprises 58% students with average work experience of 20 months, 49% non engineers and good number of women students.

Prof. Manoj Pant, Vice-chancellor (IIFT); Dr. Sanjay Rastogi, Head (GSMD) Delhi Campus; Dr. Jayant Kumar Seal, Head (GSMD) Kolkata Campus welcomed the new batch. Dr. Anil Kumar Jain, IAS, Secretary, Ministry of Coal and Mines, Govt. of India, the guest on the occasion, delivered the inaugural address. A few days before inducting the new batch, IIFT has partnered with PayPal to conduct research on ''Digitalization and Export Performance of Indian MSMEs

IIFT MBA (IB) 2022-24 Batch Profile: Key Highlights

  • Total Batch Size: 419 students (Includes Delhi and Kolkata campuses)
  • 58% Students with Average Work Experience of 20 Months
  • 49% Batch with Non Engineers
  • 30% Batch with Women Students
  • Batch comprises students from multiple Academic Disciplines

Work Experience of the Batch
The incoming MBA (IB) 2022-24 batch at IIFT comprises 58% students with professional work experience in diverse industries. Average work experience is 20 months

More Non-Engineers in IIFT MBA (IB) 2022-24 Batch
Academic Diversity is another aspect of IIFT MBA (IB) 2022-24 batch. The incoming batch is a good mix of academic diversity with 49% students from Non-Engineering back ground. The batch comprises of students from multiple disciplines like Engineering, Science, Commerce, Humanities, Management, and Pharmacy. IIFT has been able to present the diversified batch consecutively for several years.

Rising Gender Diversity in New Batch
IIFT incoming MBA (IB) 2022-24 batch has 30% women students from various academic back grounds and reflects a healthy gender ratio.

Inaugurating the new batch with his motivational words, Dr. Anil Kumar Jain spoke about the yardsticks to measure success in a student's life and also touched upon the recipe to reach that success. Prof. Manoj Pant, Vice-chancellor (IIFT) welcomed the students. He spoke about the importance of looking at opportunities in small companies and growing along with the firm. He also said that live projects are very important in the 2nd year of a student's MBA program.

Welcoming the batch, Dr. Sanjay Rastogi, Head (GSMD) Delhi Campus spoke about IIFT celebrating its Diamond Jubilee this year. He also spoke about IIFT's focus towards improving gender diversity in the upcoming batches. Dr. Jayant Kumar Seal, Head (GSMD) Kolkata Campus talked about how the admission process, placement process and faculty pool is common for both the Delhi campus and the Kolkata campus and parity is being maintained wherever possible.  The programme was attended by all the new students, guests, IIFT faculty and staff of Delhi and Kolkata Campus. 

The Indian Institute of Foreign Trade is one of India's top autonomous public business schools under the Ministry of Commerce and Industry. Through policy research and skill development, it has made a substantial contribution to India's external trade industry. The Institute has established itself as a major business school in the country and is consistently ranked among the top ten B-Schools.

On the sidelines before inaugurating the new batch, IIFT has partnered with PayPal to conduct research on ''Digitalization and Export Performance of Indian MSMEs: Concerns & Way Forward.'' The study, headed by Manoj Pant (Professor & Vice-Chancellor, IIFT), along with co-principal investigators, Sugandha Huria and Neha Jain (Assistant Professors of Economics) and research associates, Kriti Sharma and Ashley Jose, will identify the main areas of concern, to encourage policymakers to support the digitalization-led gains for Indian MSMEs. It will explore the effects, difficulties, and possibilities that digitalization has on the performance of Indian MSMEs and will highlight issues with Indian MSMEs' potential for digitalization and the role of government programmes and policies in promoting exports among them. Given their sizable contribution in the country’s exports, employment, and GDP, their growth prospects cannot be neglected. In recent years, digitalization has emerged as a key driver of business growth, and an important tool to facilitate selling and distribution, advertising, production, labour productivity, information collation, and distribution. The MSMEs, being inadequately digitalized, have not only missed out on golden opportunities of growth but also suffered a blow in terms of lower revenues, falling demand, and increasing liquidity crisis. The study will delve deeper into the impact, challenges, and opportunities of digitalization on Indian MSMEs performance.

The study will deploy multiple resources such as preliminary analysis using existing literature and international trade databases, rigorous empirical investigation using the Centre for Monitoring Economy’s Prowess database and NSSO’s National Sample Survey 73rd round, and confirmatory analyses supported by a primary survey that was conducted jointly by the global leader in digital payments and IIFT. The two organizations also organized an online discussion at the launch of Digital Trade Facilitation Forum in October 2021. It brought together, various policy experts including the Secretary of the Ministry of MSMEs, Mr. B.B. Swain and Ms. Sonia Pant, Assistant Development Commissioner at the Ministry of MSMEs, and MSME exporters to have a discourse on current opportunities, bottlenecks, and possible future strategies with regards to digitalization and export behaviour of MSMEs in India. The inputs from the discussion served as a great value addition to the study. The findings from the study will highlight key areas of concerns for policymakers to embolden the digitalization led gains for Indian MSMEs.

IIFT has earned the status of "Deemed to be University" in the year 2002 and was grated the prestigious AACSB Accreditation on 17th November 2021. With this, IIFT figures amongst the top 900+ Business Schools of the world which have earned this accreditation. It has been successfully fulfilling its mission of creating and fostering a learning environment that enables participants to be leaders in international business with sensitivity towards society. IIFT is a pioneer in the field of foreign trade research and a hub for knowledge dissemination. It is an academic centre of excellence in international business, research, training and education.

IIFT has been ranked #25 among management schools by the National Institutional Ranking Framework (NIRF) 2021; ranked # 8 by MBAUniverse.com rankings 2022 and 6th overall by Chronicle B School Survey 2020. It was ranked 10 by Business Today's "India's best B-schools 2019".  It also ranked 1st in D2C Competitive B-School Awards in 2021. The IIFT was ranked 15 by Outlook’s B-School Survey and Ranked 7th in Business World – B-School Ranking.

Stay tuned to MBAUNiverse.com for more updates on Indian Institute of Foreign trade (IIFT) 

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