India’s economy has grown a lot after introducing international trade. The government of India established a business school for shaping the knowledge of trade and export management which resulted in Indian Institute of Foreign Trade. It is an autonomous organization which was set up in 1963. The institute specializes in international trade and business. The name comes under the top business schools of India and known for encouraging new ideas and concepts for globalizing the economy. The deemed university was graded A by NAAC in 2015.
The government had established the institution to train the people to form a better international trade of the country. The institution provides a number of courses which includes two and three year MBA programme in International Business and executive masters in IB. It also provides certificate programmes in export management, financial and capital management, global trade logistics and management. IIFT provide a master of arts programme in economics and a doctoral programme. The weekend programme of the institute is very popular which allows working-class people to pursue their MBA.
Research & Development
IIFT creates a professional environment of teaching for students which included teaching them with proper training and research. The base of the institute was set up to conduct research for the country which were based on export potential. IIFT works as a training and research-based consultancy for the student community, government and corporate sector. 43 research studies have been conducted by the institute in the five years which is classified as Influencing India’s negotiating outcomes at Bilateral / Multilateral level, export Potential Studies, Trade Facilitation Issues, Trade and Investment Flow with Policy Implications in International Business. IIFT conduct various research surveys for its clients like Central and State Governments, RBI, WTO, International Trade Centre, State Industries Corporation, World Bank, the FAO, ESCAP, UNCTAD, German Development Institute, etc.
IIFT has a very strong placement cell and they provide nearly 100% placement to its students at top companies from India and abroad. The students at IIFT are achievers, every year they win various national competitions like RBI Policy challenge, Axis Moves Award and many more. Last year 75,00,000 rupees was the highest international offer and 46,45,000 rupees was the highest domestic offer. The average package for the top 100 students was 29,00,155. A total of 107 recruiters like Amazon, Flipkart, Wipro, Aditya Birla, Bajaj, Airtel etc. came for recruitment. There were 10 international offers for the students.
Edelweiss Group’s chairman and chief executive Rashesh Shah one of India’s leading conglomerate has spent a year in IIFT. He is the co-founder of the company Edelweiss Group which provides financial services. Former Chairman of Steel Authority of India Ltd. (SAIL) S.K. Roongta is an alumnus of IIFT. SAIL as we all know is India’s largest public sector company. RuchitaMisra an MBA and triple gold medalist from IIFT is now an author of the bestseller ‘Someone to Love’. She was awarded the Awadh Samman. A professor and chairperson of the Management and Development Programmes at IIFT is also an alumnus of IIFT. He has over 2 decades of experience in teaching, consultancy and training. A professor at the University of Arkansas-Sam M. Walton college of business Vikash Anand is also an alumnus of the institute. He is also the Executive Director of MBA programs and graduate Innovation at the university.