India's education system is evolving, with an emphasis on working with businesses and the government to promote innovation. Prof. Prafulla Agnihotri, Director of IIM Sirmaur, in an exclusive interview with ETEducation, provides an insightful perspective on how premier institutions, especially IIMs, can act as catalysts for progress by fostering partnerships with important stakeholders. His approach outlines the significance of modifying management education to satisfy the changing demands of the business world and the goals of the new generation of students. The future of management education, government cooperation, and the cultivation of an entrepreneurial culture within India's academic ecosystem were the topics of discussion in the interview.