The council—the nodal body to approve all institutions offering management courses and responsible for monitoring their quality—has no teeth to regulate the mushrooming of unsavoury management institutes. Some of the better institutes consider it an obstacle rather than one creating a healthy environment for B-schools. Finally, rampant corruption and lack of expertise render the AICTE incapable of monitoring.
From this Outlook story. Consider:
... Despite having the second largest number of schools in the world after the US, majority of Indian B-schools lack quality curriculum, faculty and facilities. Many act as mere placement agencies.
All one needs to start a school is less than 1.5 acre land, 20,000 sq ft of built-up area, 20 computers, seven faculty members, 2,000 books and subscription to 30 journals. There are many licensed institutes whose infrastructure and faculty exist only on paper. Although approved, these institutes don’t even try for an AICTE accreditation. Anyway, an AICTE accreditation is voluntary.
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The latest issue of Outlook also carries this year's ranking of India's B-schools. In its dead-tree version, on the scond page of this cover story, Outlook carried an 'article' about Amity's B-school claiming that it's ranked No. 1 among 'private' B-schools. It turns out that the 'article' was actually an ad placed by Amity, and shamelessly accepted by Outlook, which has now been forced to issue this clarification.