Indian Institute of Management-Ahmedabad chairman and Infosys [Get Quote] chief mentor N R Narayana Murthy on Saturday advocated greater autonomy, including financial powers, for the prestigious B-schools.

Over two years after IIMs resisted the National Democratic Alliance government's potentially autonomy curbing decision to cut fees, the technocrat said the institutes were doing a great job in churning out management students, skilled in different aspects like human resources, finances, sales and marketing, corporate strategy, technology and others.

"The IIMs need much more autonomy," he said, alluding to the United Progressive Alliance government stalling IIM-Bangalore's effort to set up an overseas campus in Singapore.

He also stressed the need for increasing student intake in IIMs and hiking the salaries of the faculty of these premier B-schools in the country.

"IIMs need to expand in terms of the intake capacity of the students and increase the salaries of the faculty so that our students get the best of education in the world," he added.

Earlier, Murthy released a music CD of an IIM-A graduate Gaurav Dagaonkar and lauded the unconventional paths chosen by the students, including one Babu Sarath, who plans to start a food-chain.

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