The press release from IIMA has said that general inflation and Seventh Pay Commission implementation exert an upward push on cost of programme delivery.
"The Institute is committed to striving for efficiency in its operations. As the most liberal among Indian management institutions by far in financial aid disbursements (in 2016-17, one-third of our students received financial aid), IIMA is also committed to ensuring that no capable candidate is denied entry for reason of lacking financial wherewithal", said the statement.
IIM Ahmedabad had increased the fees from Rs. 18.5 lakh to Rs. 19.5 lakh for two years on last April.
IIMA held its 52nd Annual Convocation on Saturday, March 25, 2017 at the Louis Kahn Plaza, IIMA Main Campus, Ahmedabad.
Mrs. Shikha Sharma, PGP '80, CEO & Managing Director, Axis Bank Ltd was the Chief Guest and delivered the convocation address.
"Once you step out of the safe cocoon of campus and into the real world, the outcomes you achieve as a professional will depend only in small part on how well you put this toolkit to use. In large measure, your success as a professional is likely to hinge on choices you make in your life," she said while addressing the convocation.
"In your personal lives, you are living through one of those moments today. And as a nation, we are all living through such a period right now. This is India's time in the sun. It is our time as a nation to regain our fair share of global economic production, of trade, of arts, culture, innovation", she told the students.
Mr. Kumar Mangalam Birla, Chairman of the Board of Governors of the Institute, delivered the welcome address and Prof. Ashish Nanda, Director of the Institute, delivered the concluding address.
"I congratulate and compliment the Director and the Faculty of IIM-A, both past and present, for keeping the spirit of nurturing alive at this great Institution. And further enlivening and strengthening it through their seminal contribution in teaching, research and mentoring", Mr. Birla said in his welcome address.
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