Future imperfect? Indian B-schools face dearth of students, quality faculty

Data shows the number of management colleges has dropped from 3,609 in 2014-15 to 3,264 in 2017-18

About a year ago, Apollo Institute of Management in Durg, Chhattisgarh, was about to release newspaper advertisements announcing its management programme. But it had to shelve the plan. The mandatory cap on annual fees made it financially unviable to run the college.

“We needed to charge a fee of Rs 80,000 per student per annum at least, but the state government capped it at Rs 35,000,” Manish Jain, director at the institute told Business Standard. It was impossible to have quality faculty and infrastructure under this regulation, he said. “We decided to shut it down.’’ 

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