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India witnessed prolific growth in Management education in recent decades. An increasing number of questions are raised about mushrooming growth: available faculty, course content, relevance, effectiveness, institute-industry interface etc. Management education needs to be revitalised and reengineered to the expectations of all the key stakeholders such as students, faculty, society, industry, and government. A broad based consultation with stakeholders would help in developing a holistic framework for effective Management education. Fundamental issues to be tackled are faculty shortage, lack of accountability, absence of effective regulatory body, poor research, lack of pedagogical innovations, lesser industry-institute interface and lower employability of B-School products. It is time to collectively reflect and act so that we are ready for next wave of Management education.

Contents: 1. Importance of Management Education. 2. Evolution of Management Education in India. 3. Committees and Commissions. 4. Business Schools. 5. System of Total Quality Management Education (TQME). 6. Ranking. 7. Master of Business Administration (MBA). 8. MBA Entrance Tests. 9. Pedagogical Change. 10. Employability. 11. Aptitudes and Skills. 12. Concerns. 13. India Institutes of Management. 14. Model Curriculum for MBA and PGDM. 15. Distance Courses. 16. Entrepreneurial Intention. 17. Accreditation. 18. Industry Interface. 19. Globalization Impact. 20. Research. 21. Overseeing Organisation. 22. UGC New Regulations. Appendices. References.