Indian Institute of Foreign Trade

The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established in 1963 by the Government of India (Ministry of Commerce and Industry) to help professionalize the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. Its flagship program is the Master of Business Administration in International Business (MBA-IB). It is the only institute among the top-10 business schools of India that offers International Business program. The institute visualizes its future role as: A catalyst for new ideas, concepts and skills for the internationalization of the Indian economy, the primary provider of training and research-based consultancy in the areas of International Business both for the corporate sector and Government and the student's community. IIFT started out as a center to provide foreign trade advice to governments and has since played an instrumental role in conducting research in trade policy formation. IIFT was conferred the status of Deemed University in 2002 and since then has been conducting an autonomous entrance examination across various centres in India. IIFT 2015 was held on November 22, 2015 and an estimated 47,000 candidates took the entrance exam for Full-Time MBA (IB) course with 270 seats. 1508 candidates were shortlisted for final admission round of Essay Writing, Group discussion and Interview, making it one of the toughest B-school admission processes in India.