The Union ministry of human resource development (MHRD) will release the first ever domestic rankings of higher education institutes in India on April 2016, a senior government official said on Thursday.
Vinay Sheel Oberoi, the secretary at the department of higher education, said that 2,800 institutes have opted for the national rankings while speaking at the National Human Resource Management Summit organised by the All India Management Association (AIMA).
“While the national rankings will overcome some infirmities of the global rankings, which include very few Indian institutes, Indian institutes should still aspire for global rankings,” Oberoi said.
The National Institutional Rating Framework (NIFR), which was handed the responsibility to rank the institutes, will report its findings on first Monday of April 2016.
Oberoi, who launched AIMA’s report on Indian Management Education: A Way Forward, also said that the government plans to achieve a gross enrolment ratio (GER) of 27-28% at the higher education level from the current 22%.
The AIMA’s report highlighted few problems in the field of management education, which includes – imperfect regulatory regime, improper planning, disconnect between industry and management institutions, the ‘rankings’ dilemma and so on.
Speaking to HT Education, Aarin Capital’s chairperson TV Mohandas Pai, who is also the vice-president of AIMA and chairperson of the Manipal Global Education, said that India can become the global provider of high-quality management talent because Indian institutes produce more MBAs than the US does.
Pai, who was a member of the board as well as the chief financial officer at Infosys, also emphasised the need to have a different regulatory system to manage the management education sector.
“AICTE is managing both engineering and management. We need a specialised management organisation that manages entire research of management colleges.”
AIMA’s report was prepared by a task force led by professor Rajan Saxena, vice-chancellor of Mumbai’s Narsee Monjee Institute of Management Studies and also had representation from the business sector and academics.
“AIMA is in a position where we have the corporate and institutes as members. So, we have the privilege of having the perspective and comments of each,” Rekha Sethi, AIMA’s director general, said.