The study has been published in the prestigious journal Applied Energy and emphasises the need for transformative changes in the industrial domain of India to align with the nation’s net-zero emissions target, say sources from IIM Lucknow.

Critical role

India’s industrial sector plays a critical role in the economy, contributing significantly to employment and output, say researchers from IIM Lucknow.

Key industries

The research focused on key industries such as steel, cement, aluminium, chemicals, and textiles. It used expert insights and energy-economy models to develop four possible future scenarios –

· Business-As-Usual

· Development First

· Carbon Neutral

· Synchronous

Each scenario explores how varying levels of policies and technologies could influence industrial growth, environmental impact, and the required investments, say sources from IIM Lucknow.

The study is an attempt to understand what the transition looks like in the coming decades as India approaches its target of achieving net zero emissions by 2070, said Prof Dipti of IIM Lucknow.

As the Indian economy grows rapidly in future, the speed and scale of India’s industry sector transition will be unprecedented, she said.

Developing the manufacturing sector while minimising negative environmental and societal impacts will be the key elements of a low carbon pathway for India, said Prof Dipti.

Decarbonizing industry sector will require rapid technology development, international finance for scaling up key technologies, innovative business models and standardized emission reporting, she said.

Policies

The researchers from IIM Lucknow found that with the right policies and the rapid adoption of advanced technologies, India could reduce industrial emissions by 63% by 2050.

The “SYNCH” scenario shows that strong action to reduce pollution is possible, but it would require an investment of approximately $1.7 trillion by 2050, say sources from IIM Lucknow.

This funding would be directed toward cleaner electricity, enhanced material recycling systems, and technologies that capture and store carbon, say sources from IIM Lucknow.

Actions

The study identifies three key actions: First, improving energy efficiency should be the immediate priority, as it is the most cost-effective and fastest way to reduce emissions, say sources from IIM Lucknow.

Second, improving material efficiency requires a comprehensive approach, including regulations that require businesses to disclose their pollution and resource use.

Third, the government should strengthen programs like emission trading and establish clear rules for carbon tracking and reporting to help businesses adopt sustainable practices.

Emerging technologies like hydrogen-based systems and carbon capture are still under development, but must be expanded to support sustainable industrial growth.

Success will depend on significant investments, faster technology adoption, and policies that balance economic progress with environmental protection.

About IIM Lucknow

Indian Institute of Management Lucknow, established in 1984, is the fourth in the prestigious IIM family of management schools to be established in India after IIM Calcutta, IIM Ahmedabad, and IIM Bangalore.

In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.

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NIRF 2024 rankings were released in August for 2024, various colleges have taken part in it and have won rankings.

This top 7 IITs For Management Courses in 2024 is about IITs that have been rated in ‘management’ category for providing courses in the stream of management.

However, many of the IITs also offer courses related to management, and this top 7 IITs for management courses in 2024 is about IITs that are providing courses related to management stream and have achieved popularity.

Details about top 7 IITs for management studies in 2024 are provided in tabular format.

Candidates wishing to know more about these top 7 IITs for management courses in 2024 can visit the respective official websites of the institutions.

Details about top 7 IITs for management courses in 2024 are available in the tabular format below:

More details about top 7 IITs for management courses in 2024 as per NIRF 2024 ranking are mentioned below for the sake of students:

1. IIT Delhi

The national capital of India has no dearth of high worth institutions for technical education. IIT Delhi is one of the organisations that needs no introduction owing to its high quality services.

Indian Institute of Technology Delhi is one of the 23 IITs created to be Centres of Excellence for training, research and development in science, engineering and technology in India.

Established as College of Engineering in 1961, the Institute was later declared as an Institution of National Importance under the “Institutes of Technology (Amendment) Act, 1963” and was renamed as “Indian Institute of Technology Delhi”.

It was then accorded the status of a Deemed University with powers to decide its own academic policy, to conduct its own examinations, and to award its own degrees.

The students of this great institute have proved their mettle across the globe. These alumni today work as scientists, technologists, business managers and entrepreneurs.

There are several alumni who have moved away from their original disciplines and have taken to administrative services, active politics or are with NGOs.

In doing so, they have contributed significantly to building of this nation, and to industrialization around the world. This is one among the top 7 IITs For Management courses in 2024 as per NIRF 2024 rankings.

2. IIT Bombay

Established in 1958, the second of its kind, IIT Bombay was the first to be set up with foreign assistance. The funds from UNESCO came as Roubles from the then Soviet Union.

In 1961 Parliament decreed the IITs as ‘Institutes of National Importance’. Since then, IIT Bombay has grown from strength to strength to emerge as one of the top technical universities in the world.

The institute is recognised worldwide as a leader in the field of engineering education and research. Reputed for the outstanding caliber of students graduating from its undergraduate and postgraduate programmes, the institute attracts the best students from the country for its bachelor’s, master’s and doctoral programmes.

Research and academic programmes at IIT Bombay are driven by an outstanding faculty, many of whom are reputed for their research contributions internationally. This is one among the top 7 IITs For Management courses in 2024 as per NIRF 2024 rankings.

3. IIT Madras

This institution has been ranking on the top for the sixth time. It strongly believes that talent and good ideas can come from anywhere and has a remarkably diverse community, drawing students from across all Indian states and from various countries.

Intensely curious and driven to explore, the student community of IIT Madras value rigorous analytical thinking, ingenuity, hands-on problem solving, and big new ideas.

The departments and centers of the Institute are responsible for the academic activities which include Teaching, Research and Industrial Consultancy.

The courses of study are organized as semester programs and each semester provides for a minimum of seventy instructional days. The medium of instruction is English.

Students are evaluated on a continuous basis throughout the semester. Evaluation is done by the faculty, a consequence of the autonomous status granted to the Institute.

This is one among the top 7 IITs For Management Courses in 2024 as per NIRF 2024 rankings.

4. IIT Roorkee

This is among those institutions that has reached great heights in the field of higher education. Excellence has become a norm here long ago.

The vision of this institution is to attain global level of excellence in education and to create a sustainable and equitable society through innovative research in science and technology.

It aspires to create an environment that shall foster the growth of intellectually capable, innovative and entrepreneurial professionals, who shall contribute to the growth of Science and Technology in partnership with industry and develop and harness it for the welfare of the nation and mankind.

This is one among the top 7 IITs For Management Courses in 2024 as per NIRF 2024 rankings.

The Institute aligns all its activities to serve national interest and seeks to provide broad-based education, helping students hone their professional skills and acquire the best-in-class capabilities in their respective disciplines.

Institution aspires to be a centre of excellence in education and research, producing global leaders in science, technology and management and to be a hub of knowledge creation that prioritises the frontier areas of national and global importance.

This is one among the top 7 IITs For Management Courses in 2024 as per NIRF 2024 rankings.

6. IIT Kanpur

Indian Institute of Technology Kanpur was established in 1959 and is one of the premier institutions established by the Government of India. The aim of the institute is to provide meaningful education, to conduct original research of the highest standard and to provide leadership in technological innovation.

This organisation has a vision to create, disseminate and translate knowledge in science, engineering and allied disciplines that will best serve the society.

The institution is spread over an area of 1055 acres and has 108 buildings on its premises. This is one among the top 7 IITs For Management Courses in 2024 as per NIRF 2024 rankings.

7. IIT ISM Dhanbad

This institution is also known as IIT Indian School of Mines and is situated in Dhanbad. The other name for this institution is IIT Dhanbad.

This is also among the institutions that doesn’t require any introduction. The popularity of this organisation has spread to all corners of the country.

The achievements of IIT ISM have brought all the glory upon it. The institute is steadily sailing through the millennium change and has emerged into one of the most prominent institution- Indian Institute of Technology IIT(ISM) with full bloom functioning of 18 branches of Engineering, Applied Sciences, Management Studies and Humanities.

IIT (ISM) has had centenary long credentials of outperforming achievements in academia and the industry. The faculty here is highly experienced and the atmosphere is very ideal for studies.

This is one among the top 7 IITs For Management Courses in 2024 as per NIRF 2024 rankings.

They may require the applicants to undergo a tough entrance system, which comprises written test, group discussion and personal interviews.

Those willing to gain an entry into these top 7 IITs for management courses in 2024 have to be prepared for crack the tough entrance process.

While IIMs (Indian Institutes of Management or Indian Institute of Management) are usually known for management education, the academic courses in management offered by IITs are also no less popular.

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Working hard with determination to gain entry into these top 7 IITs for Management courses in 2024 is worth it, a study in these top 7 IITs for Management Studies in 2024 is known to open the gates for a bright future.