India is in dire need of more respected business schools, reports the “Financial Times”. In 1961, India started its network of high quality state-run business schools – the Indian Institutes of Management (IIMs) with the aim to create an elite, versed in the latest management thinking. But since the Indian economy is growing by 8 per cent per year, companies are desperately searching for business school graduates and the state schools can’t keep up with the demand.
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