Business Standard sees this as a result of many Indian business schools - including the leading ones - faltering on even the basic parameters of faculty, research, accreditation and students mix.

As India has the largest MBA market in the world, the paper criticises the fact that only three Indian business schools have AACSB accreditation whereas in China 15 schools have been accredited by AACSB. Similarly, only a few have the other two key global accreditations - the European Quality Improvement System (EQUIS), or the Association of MBAs (AMBA). This leads Business Standard to make two calls for change: Either India should have its own accreditation body which deals exclusively with business schools to enhance their quality writes the editor or India should create three tiers of management institutions. Within these tiers the best 25 to 30 B-schools could be asked to focus solely on pedagogy, generating international quality research, accreditation, ranking, global faculty and students exchange. The mid-tier schools could focus on teaching to produce managers that industry needs and the third tier could look at integrating skills education with management programmes according to the paper.

Read more at Business Standard