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About a year ago, the Apollo Institute of Management in Durg, Chhattisgarh, was about to release newspaper advertisements announcing its management programme. But it had to shelve the plan.”We needed to charge a fee of Rs 80,000 per student per annum at least, but the state government capped it at Rs 35,000,” says Manish Jain, director at the institute.It was impossible to have quality faculty and infrastructure under this regulation, he says. “We decided to shut it down.”This is not the only college to be shut down.A recent trend suggests that, like engineering colleges, a number of management institutes (other than the top rated schools such as the Indian Institutes of Management) are in the midst of closure for various reasons including lack of students, unavailability of quality faculty, increasing use of artificial intelligence by companies and the current economic situation.Data from the All India Council for Technical Education, which regulates courses such as engineering, management, architecture, town planning and pharmacy, reveals that the number of management colleges has dropped from 3,609 in 2014 15 to 3,264 in 2017 18.This year alone, around 101 institutes have requested the regulator to let them close their management courses.Such closures have resulted in a reduction in the number of management seats in the country.The total student intake fell from 4,56,419 in 2014 15 to 3,94,835 in 2017 18.The teaching faculty also declined from 60,360 to 55,876 in the corresponding period.”AICTE thoughtlessly approved a large number of requests for opening management institutions in the country between 2007 and 2012.

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