Post liberalization of the economy, India has seen a rapid and extensive growth of management education. It has paved the way for the emergence of thousands business schools across the country, making India the home to the largest business education community in the world. Undoubtedly, the talented graduates who have come out these institutions have made their mark on the world scene. However, Indian management education itself has not been able to gain the global visibility that it was expecting. The leading business schools in the country still fail to attract international talents, both as students and faculty members. According to the reports from the industry, exchange of students and faculty members in Indian management colleges remains abysmally low, despite having several collaborations with international institutions.
Indian management institutes have also been reluctant of applying for international accreditation agencies such as AACSB, Equis, AMBA, ACBSP and so on. Perhaps, it is one of the reasons why Indian management institutes are not on the radar of aspiring students from Europe, USA, China, Japan or other Asian countries much as their quest for diversity in business learning experience leaves enormous scope for what India offers. While, the situation is getting tougher every passing year, it is a high time for us to think about changing the business education patterns of the nation. If outdated pedagogies and curriculum are to be replaced, what should take their place? Are we brave enough to experiment, and try to design our own models? Or, as usual, should we copy the methods and practices from the west?
This issue of the Higher Education Digest has identified ‘25 Must Watch Business Schools in India’ that are reinventing the business education to prepare young generation to be the leaders of the 21st century. We sincerely hope that our efforts to feature the premier management institutions imparting best facilities for research, innovation, placements and entrepreneurship will help students and faculty members from all over the country in their educational journey.