Management education has taken its root in India. However, as far as quality is concerned, it is still limited to a handful of schools out of a total of 2500 or so. Accordingly, there is great urgency that all these schools develop a governance system so that most of them become competent enough to offer acceptable educational qualifications. This will help in creating a reservoir of managerial talent so very necessary for the rapid growth of the country's industrial and service sectors. All this should, however, be subject to the demands of the regulatory bodies.
