To be completely forthright there is no definite answer to this question all we can do is to make an assumption and wait for the future. There is a mixed wave of opinion among the experts about this question.
In India approximately there are 2 lakhs students who appear for entrance exams like CAT, XAT, NIFT, SNAP, TISSNET, etc. out of which only 20,000 students crack through top B-schools of India. But now the situation has arrived that students have to think several times to go for their MBA because of the economic situation.
Opportunity For MBA Aspirants After This Pandemic?
One may say that this COVID -19 may be an opportunity in disguise for India because of the dynamic policy of the government that attracts companies from all over the world to set up their manufacturing plants in India.
Government of India and Government of Uttar Pradesh has offered land to big MNCs and changed its FDIs rule to attract investment in the manufacturing sector so by the time a student pass out from a B-School in 2022(Starting in 2020) there may lie a great pool of opportunities for the Young business aspirants. So this might be the right time to pursue an MBA.
But yet again these all are only optimistic probabilities no one can predict exactly what will happen.
Looking at the dark cloud of the situation, the average cost of pursuing an MBA from a good college in India is around 15-20 lakhs, and spending that much money can be a risk. Moreover, after looking at the current situation it can be said that Covid-19 has affected the current year college placement of top B-schools of India.
The situation has arrived that one must appropriately measure all pros and cons before making the decision of pursuing an MBA in India. All the experts are of opinion that world economy will definitely shrink this year.
I hope things will get better soon!