02-05-2015, 08:38 PM
According to data released by the AICTE, 147 B-schools in India during 2013-14 session is closed. Many MBA (Masters in Business Administration) program has been discontinued and engineering institutions in India. 24 MBA colleges in Maharashtra were closed, 23 were shut down in Andhra Pradesh, Tamil Nadu, after 19. However, Bihar, Jharkhand and a little improvement in the states of Kerala, an institute for these states, was added last year.
In addition, the Institute of Post Graduate Diploma Management (PGDM) programs have seen a drop in the total number of offers. Figures went down to 600 from 606.
TN Swaminathan, Director, Branding and alumni relations, Great Lakes Institute of Management, said the closures were due to the lack of surplus supply and demand. "For example, the 1.93 million this year, only 1.53 lakh candidates who registered for CAT examination. Some payments did not take the test. And the people who took the test, the reputed B-schools are not affected finicky, but others are If ", TOI reports.
The downward slope of the demand for MBA degree programs are not practical, leading to shut down was observed.