It’s high time to revamp Indian Business Schools

How do you define the progression of a country? Does it depend only on the national economy or the more beneficial lifestyle of its populace or even the prospects in the coming ages? Whatever it is there is no doubt that any developing country with a strong aspiration to attain zenith depends a lot on the notion of business education within itself. Now, if there is any such discrepancy what will happen? A great question may rise against the potentiality of the very nation. What is more it may lead to a persistent void, if not more.

However unfortunate it is, it must be affirmed that India, at present, is also suffering from the same malicious disease. In the recent days a study conducted throughout the country came out with startling results and confirmed that the majority of business schools in India are superannuated and they have no such interest to cope with the changing reality. Apart from the presence of antediluvian textbooks there are professors who simply do not care to be conversant with the changing economic trends in the international spectrum. The Business Barometer study was issued last month by the the Associated Chambers of Commerce & Industry of India (Assocham), the country's leading chamber of commerce organization and the author of the study is Jyoti Bhutani.