In a way, management education in India is now fifty years old. Management education in India has thrived and prospered and has fed the skill requirements of Indian entrepreneurship. But quality, as opposed to quantity, still remains a problem and the regulatory structure is complicated by the existence of three different institutions (UGC, AICTE, AIU) that dabble in this. The transition from a license/permit raj to regulation has still not happened. But, somewhere down the line, this is inevitable and management education will be both exported and imported, as fallout of competition. The best solution to ensuring competition, subject to decent regulation, is competition and I am glad that the Bangalore Management Academy is doing precisely that. As part of the attempt to exploit India's demographic dividend, I wish BMA and its students and faculty all success.