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According to the latest ranking released by the Indian Institutional Ranking Framework (IIRF), Indian Institute of Management (IIM), Ahmedabad, is the best college to pursue the Master of Business Administration (MBA) course in India. Best 4 IIMs to pursue the MBA Courses in India: The ranking was based on seven parameters: research, teaching-learning resources pedagogy, industry income and integration, placement performance, future orientation, external perception and international outlook, and placement strategies and support.