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This was a very good and objectively written article. I really liked the fact that there is a positive tone and at the same time highlighting few aspects of any rating system. The issue rightly said is that any rating system can be skewed and there are pros and cons to every methodology. But the key issues is to not miss the proverbial woods for the trees.
The article did not get into an ISB vs IIM argument and instead argues why more Indian schools should not be in the list. I think its time the top B schools in the country actually help define rankings so that more Indian institutes figure in the rankings.
ravi