Slowdown affects placement at IIM-A

The global economic slump has hit placement process at India's premiere institute, Indian Institute of Management in Gujarat. Students at IIM-A are feeling the pinch of recession. This year, the nine-day long placement witnessed over 109 companies across sectors, out of which 95 firms recruited in the final placements process out of 265 students despite the meltdown. The average salary of students has also declined by 25 per cent this year.