Every year large number of institutes were set up and thousands of candidates applied to them. Around 1 lakh seats were added to the professional colleges every year.
But, in 2013, the number of technical colleges' closure applications received by the All India Council for Technical Education (AICTE) has gone up by 23.9% and the number of B-schools has also gone up by 14.6%.
AICTE receives 171 Technical colleges closure applications this year, 124 have been given the go ahead to discontinue. This includes 34 B-schools and 30 Engineering institutes.
SK Jena, AICTE's regional officer in Hyderabad said that the lack of job opportunities seems to be the major reason driving students away from joining MBA institutes. The resultant vacant seats makes B-schools want to shut down.
Meanwhile, this year, 395 degree and diploma institutes have been granted approvals, according to SS Mantha, AICTE chairman.
Few colleges in some of the states would be closed in 2013.
In all states in India, admissions to the professional courses would be completed.
Some state have already issued the number of vacant seats in their colleges as below.
In Gujarat, 10,000 Engineering seats are left vacant.
In Andhra Pradesh, more than 1 lakh Engineering, pharmacy seats is going to be vacant. Because, the number of applied candidates are less than the seats available for admissions.
In Karnataka, around 3,400 Engineering seats would be vacant in this year.
In Maharashtra, more than 65,000 Engineering seats and 5,000 management courses seats are left vacant.
So many times, AICTE warned the colleges to improve the quality of education and infrastructure provided by colleges across India.
In 2012, around 200 B-schools and 50 Engineering colleges across India are closed.