The M.B.A. Export Boom.

China welcomed U.S. business schools. India needs them, but the door isn't wide open

Zackary Canepari for TIME

Interior view the Learning Resource Centre, the heart of the Academic Centre at the Indian School of Business in Hyderabad, India.

Correction Appended: January 15, 2008

Gautam Varma was ready to take the next step. With a degree in computer engineering from Purdue University and a few years working for Motorola in Chicago, Varma, 27, felt a stint in grad school would help him move up into management. So last year he applied to a couple of U.S. schools and to the Indian School of Business (ISB), a six-year-old institution in the southern city of Hyderabad that has academic ties to Northwestern University's Kellogg School of Management, the Wharton School at the University of Pennsylvania, and the London Business School. He...

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