"In addition to intense competition from established Indian management institutions, new and disruptive competition is emerging in the form of Indian operations of foreign universities, e-learning platforms and offshore educational offerings," Nanda said while addressing the graduating students at the institute's convocation ceremony on Saturday.
"We welcome vigorous competition. It energises the field of management education and keeps us dynamic. And we wish not only to respond to competition, but also to become a significant global presence, competitive with the best management schools in the world," he added.
Nanda also pointed out certain areas where IIMA could improve. "We could improve in some areas that drive institutional health. Our research output could be more impactful. One of our traditional sources of strength, development of high quality cases, has become less of a differentiator as other management institutes in India catch up. Our approach to executive education could be strategic more rather than opportunistic," he remarked.