Contents
Introduction to Vision 2025
1. Sixty Years of Indian Management Education: Key Milestones
2. Indian Management Education: Current Challenges
3. Structural Changes Anticipated in the Next Few Years
4. Introduction to Vision 2025 Approach
5. Creating 50 Global B-schools in India by 2025
6. Developing 500 National Management Schools
7. Developing 2000 Skills-focused MBA Programs
8. Outcome from Vision 2025
Annexure 1: Lessons from China
Annexure 2: NSQF Framework Levels 7-10
Acknowledgements |
The authors are thankful to the following experts for their
guidance in developing this paper.
|
 Dr B Dholakia, Former Director, IIM A and Former
DG, IMT, New Delhi
Dr Pritam Singh, DG, IMI and Former Director, IIM
Lucknow and MDI Gurgaon
Dr Devi Singh, Director, IIM Lucknow
Dr R C Natarajan, Director, TAPMI, Manipal
Dr R Srinivasan, Director, Department of Higher
Education, Ministry of Human Resource Development
(MHRD), Government of India
Dr S R Singhvi, Senior Professor, IMT Ghaziabad;
Former Professor at IIM Indore and MDI Gurgaon
Dr Jagdish Shettigar, Senior Faculty, BIMTECH,
G. Noida
Mr Sanjay Padode, Secretary, IFIM Business School, Bangalore
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Introduction to Vision 2025
Management education in India is almost 60 years old. Private
institutions like XLRI, ISWBM, a few public universities
and Indian Institutes of Management (IIMs) Ahmedabad and
Calcutta laid the foundation for Indian management education
between 1955 and 1965. Subsequent few decades witnessed
slow growth; the MBA education boom happened in 1990s
when the number of B-schools increased manifold.
Today, according to AACSB (The Association to Advance
Collegiate Schools of Business), India has world’s largest
number of management programs. However, Indian management
education is in crisis. Our top-tier B-schools are lagging
behind, not just the Western B-schools, but even the late entrants
like China, where MBA education was first offered in
1991. Today, China beats India on all quality dimensions in
management education. Our mid-tier B-schools are fighting
for their survival. 500 PGDM B-schools have closed down
during the last seven years. The bottom-tier of management
programs, largely 3000+ low-cost MBAs offered by
affiliated colleges of public universities, have little direction
and relevance. This has eroded the credibility of management
education in India—where MBA is no longer considered a
coveted professional program.
It is time we work towards restoring the glory of MBA
education in India.
This Vision 2025 Document examines the history, progress
and current state of Indian management education. There are
also recommendations to improve the current state of affairs
in next ten years by taking policy measures which are aligned
with the Government of India’s National Vision and Priorities.
Our analysis and recommendations are restricted to two-year
full-time post-graduate management programs, since they
are the core offering of management education worldwide.
We shall also endeavour to study the ndergraduate and the
executive management education in India in near future, as
both segments offer significant opportunities.
We are confident that the Vision 2025 shall be reviewed,
analysed and adopted by policy makers and thus, become an
instrument of change.
We are also hopeful that B-schools will adopt these recommendations
and proactively work with the government bodies
to usher in the change. |
