In the era of economic realization and globalization, the Indian economy is moving ahead rapidly approaching towards the global leading economy. The infra-structural changes and changing competitive Industrial environment in India, is undoubtedly emphasizing the importance of professional and skilled persons in each and every sector of Indian economy. Among these Management and Information Technology are the core sectors playing the vital role in the development of Indian economy in general and Industries in particular. To maintain the higher economy growth and a better integration with word economy it is necessary that the educational system of India provide enough opportunities to the aspirants to equipped with Management skill and IT expertise.