Maharashtra state faces a huge decline in the number of candidates applying for management programmes.
In the last four years, MBA degree admissions have been decreased by 45% in Maharashtra.
Only 53,000 candidates applied for MBA admissions in the year 2014.
In 2011-12, more than 96,000 candidates registered for the MBA degree. Experts attribute the decline in the number of registrations to the slow economy worldwide.
In 2013-14, admission to the state MBA/MMS programmes were conducted through CMAT exam, which was conducted by All India Council for Technical Education (AICTE).
As CMAT was conducted thrice for these admissions, data on number of candidates who had registered for Maharashtra is not available.
According to sources, only 20,757 applications were received from the eligible candidates for over 45,000 seats.
After the decline in the number of applicants in 2013, the DTE has decided to restore their own CET for the academic year 2014.
"Of the 53,000 candidates, who will take the MH-CET this year, the number of eligible candidates will definitely be much more than last year's-20,757. This year, there will be no group discussions and personal interviews, so more students might qualify. It is a hopeful trend for the students, B-schools and the industry," said Apoorva Palkar, president of the Association of Indian Management Schools.
"The state is conducting CET only for 65% of the total seats; the rest of the seats are filled on the basis of other entrance exams, such as CAT and CMAT. Over 53,000 registrations for close to 30,000 seats are not bad," said Dayanand Meshram, joint director of DTE.