The rigor of imparting business education is undergoing a tremendous change. The growing demand for business graduates and the supply side mismatch have aggravated the necessity of transforming business graduates into complete managers. As a result, comprehensive meaning of the education is undermined and the concept of education is paralyzed. It is not just the domain expertise or soft skills that create meaningful graduates but many other supplementary factors. The present education overlooks these supplementary factors and creates half-baked graduates to represent today's civilized society. Consequently, corporate scandals are on the rise, which are slowly making the human face disappear.

Today, an Indian citizen can afford to have foreign insurance, foreign banking, foreign food, foreign clothing and foreign education too. The growing economy is changing the structure and composition of business education in India. There is a radical change, in the way corporate sector looks at the business education providers. Corporate expectations are growing in a geometric proportion. A strong emphasis on domain knowledge and soft skills are the burning desires of the corporate. This led to tremendous competition and pressure among the students. Increased importance on pure academic content and method of delivering process resulted in unbalanced growth of the students. Students have become more focused and developed a mature bent of mind only towards academics and the job. Performing better and anticipating good reward has become the mantra of the day. Moreover, the corporate pressure mounted to an extent, where the attrition rate in the corporate circle is at its peak. Job and emoluments are the only two key words, our management students are familiar with. Consequently, students' mind has become very narrow. This is a huge loss to the society. Any education without human face and values is detrimental to the society.

The growing corporate sector paved the way for super normal growth of young management graduates in India. The quantum of management graduates in India is grossly inadequate. Moreover, India is one of the largest countries in the world with highest number of young population. In India, people in the age group of 17 to 23 years; only 11% (or 10.5 mn) of the people sign up for higher education as compared to other developing economies. It is 13% in China, 31% in the Philippines, 27% in Malaysia and 19% in Thailand. New Delhi's annual budget for higher education is $2 bn or 0.37% of the GDP, relatively lesser than other countries in the region. The data reveals potential for higher education in India and in turn for business education too. The corporate demand and the supply of business graduates have not been perfectly matched in India. Forty international universities have submitted their proposals to the government of Maharashtra, seeking land in the Mumbai, Pune and Nashik area to establish a campus. They are interested to acquire land even in Karnataka due to software development. Stanford University, British Columbia University, McGill University, Cubec University, Simon Fraser University, and Montreal University have acquired land from 10 to 300 acres.

MBA Review Magazine, Business Education, Employable Skills, Foreign Insurance, Foreign Banking, Management Graduates, Corporate Scandals, Corporate Sectors, Software Development, Corporate Governance, Special Economic Zones, Multinational Companies, MNCs, Contemporary Soft Skills.