India, Sept. 18 -- India's education system has its successes and failures however the latter far out weight the former. Perhaps the most striking example of this failing is that the majority of the country's MBAs - who are expected to have a nuanced understanding in the newest business techniques - often have little or no knowledge of the most elementary management concepts. Also, rather than being taught practical skills that help solve real business challenges, most Indian MBA students are taught theory which is often outdated and irrelevant.

Of even graver concern is that MBA graduates from hundreds of colleges don't have the basic skills to thrive in corporate settings. It's not uncommon to find MBA graduates lacking the knowhow to ...