New Delhi: Shocking revelation made by the new study in the B-school that the B-institutes in the country are producing sub-bar graduates who are largely un-employable.

India has at least 5,500 B-schools operational at current, said the report by Assocham, which more expressed anxiety over the decay in the standards of B-schools.

The report faults lack of quality control and infrastructure, low-paying jobs by campus placement and poor faculty as the key reasons behind India's unfolding B-school disaster.

"Only 7 percent of MBA graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing their course," it found.

Study report said, "Around 220 B-schools have shut down in the last two years in Delhi-NCR (National Capital Region), Mumbai, Kolkata, Bangalore, Ahmedabad, Lucknow, Hyderabad, Dehradun etc. And at least 120 more are expected to wind up in 2016.”

"Low education quality coupled with the economic slowdown, from 2014 to 2016, campus recruitments have gone down by a whopping 45 percent," the study revealed.

In the last five years, the number of B-school seats has tripled. In 2015-16, these schools offered a total of 5, 20,000 seats in MBA courses, compared to 3, 60,000 in 2011-12. Shockingly, the report reveal that on an average each student spends their amount in MBA programme approx Rs. 3-5 lakh, their monthly salary is a stingy Rs. 8,000 to Rs.10,000.

"Even the quality of IIM/IIT students coming out now compared to last 15 years has come down due to the quality of school education. The faculty is also another problem as few people enter the teaching profession due to low salaries and the entire eco-system needs to be revamped," said the report.

Assocham secretary General DS Rawat said, “The quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world,"

The new researcher report has observed that out of 15 lakh engineering graduates India produces every year, 20-30 % of them do no qualified to get a  job and those who get jobs well below their technical qualification.