Business School business in India

Not very surprising... esp. when we have more than 1600 business schools in India!
From Business Week:

The Business Barometer study was issued last month by the the Associated Chambers of Commerce & Industry of India (Assocham), the country's leading chamber of commerce organization. It found that beyond the top 30 institutions, most business school professors and lecturers in India's business schools are ignorant of the world's major economic trends and key developments, such as the subprime crisis in the U.S. Few read business publications.

The study found that only 6% of the 258 faculty members she surveyed read any business newspaper on a regular basis, with steady readership of business magazines "negligible."

Setting a high standard for Indian business schools by satisfying a quality accrediting agency is an important step for Indian business schools, said Assocham's Bhutani. An improved accreditation process would have a ripple effect on all Indian business schools, he continued, forcing them to improve the quality of teachers, materials, and professional development.

Quite true...but all this accrediting business can spin off a business by itself..like engineering college accreditation.