On a sector-wise analysis of companies’ participation in campus hiring, the study found that offers from the financial and telecom sectors have gone down by 35 percent.

The lean placement scenario has led to a drop of 40 to 50 percent in the number of students seeking admissions to B-schools as well as engineering colleges, as recruitment is the primary objective most students to secure admision in these colleges, the study found.

"Recruitments at the campus have gone down drastically. As a result a large number of the B-schools and engineering colleges are not able to attract students," Rawat said.

There has been a drop about 15,000-18,000 in total registrations this year, which means a 35 percent drop in students appearing for the MAT exam conducted annually by the AIMA (All India Management Association), the study found.

More than 190 B-schools have already closed down in 2012 in major cities like Delhi-NCR, Mumbai, Bangalore, Ahmedabad, Kolkata, Lucknow and Dehradun while another 165 are struggling for survival, the study paper revealed.

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