Page 70 - EW May 2020 for Flipbuilder

Cover Story

EW INDIA HIGHER EDUCATION RANKINGS 2020-21

INDIA’S TOP 100

PRIVATE B-SCHOOLS

Although India’s top-ranked B-schools can’t be blamed
entirely given the tight policy framework within which they
have had to operate, the country has paid a heavy price for
poor quality business management education

Dilip Thakore
I F ONE TAKES POST INDEPENDENCE India’s 1 Indian School of Business, Hyderabad

unimpressive national development record
— for over 40 years until India’s notorious
neta-babu controlled licence-permit-quota
XLRI — Xavier School of Management, Jamshedpur
2
economy was substantially dismantled in
1991, annual GDP growth averaged a mere
3.5 percent or 1.3 percent per capita after ad-
SP Jain Institute of Management & Research (SPJIMR),
4
justing for runaway population growth — no 3 Management Development Institute, Gurgaon
country needs high quality organisation and business man- Mumbai
agement education as much. Even currently, the annual 5 NMIMS Deemed University, Mumbai
rate of GDP growth, which briefly averaged 7 percent in
the first decade of the new millennium, has dropped to 5 5 Institute of Management Technology (IMT), Ghaziabad
percent in this resources rich country gifted with a natu- 6 Xavier Institute of Management, Bhubaneswar
rally entrepreneurial population. 7 TA Pai Management Institute (TAPMI), Manipal
In sharp contrast, the annual GDP growth rate in the
neighbouring People’s Republic of China (PRC) — which 7 ICFAI Business School, Hyderabad
is also endowed with a naturally entrepreneurial popula- 8 Symbiosis Institute of Business Management, Pune
tion — averaged 10 percent per year between 1978-2010
and 8 percent since, despite continuous interference by 9 International Management Institute, Delhi
officials and cadres of the 100 million-strong Communist 10 KJ Somaiya Institute of Management, Mumbai
Party of China. If PRC had been a free enterprise econo-
my like breakaway Taiwan, it’s quite possible that its GDP 10 Amity Business School (Amity University), Noida

70 EDUCATIONWORLD MAY 2020