The Indian Institutes of Management Act, 2017 declares the Indian Institutes of Managements as institutions of national importance with a mandate to attain standards of “global excellence in management, management research and allied areas of knowledge.” The New Education Policy (NEP), 2020 expects the IIMs (along with other standalone institutions) to move beyond their core strength—management education—and fashion themselves à la large, multidisciplinary universities. This article explores and outlines some of the challenges involved in this envisaged shift towards a higher educational system prescribed by NEP 2020 and the future that it holds for the IIMs.
