ABSTRACT
Business management education in India has transformed over the last 30 years, triggered by globalisation, neoliberal policies in India and rapid technological changes. There has been a sea change in management education in India since the early 1960s, when some of the first management education institutions were established. This could be attributed to the changing social expectations since the 1990s. The changed expectations had important implications for the delivery of management education, the classroom experience and the culture of the institutions. In what follows, we first look at the changes in the learning experience, followed by the impact on the content and curriculum of management education. The changed expectations also affected the governance of management institutions themselves, and we explore its influence, first on the faculty members, then on institutional governance mechanisms and finally on the management education ecosystem as a whole. We conclude by making some conjectures about the future of management education in India and the possible directions of change. We end by looking at the social culture emerging from these changes and assert that it is converging to an ideology of advanced capitalism where we have been witnessing the consolidation of a one-dimensional culture of self-centred, possessive individualism.
