The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established in 1963 by the government of India to help professionalize the country's foreign trade management and increase exports by developing human resources, generating, analyzing and disseminating data.
IIFT is a deemed-university and it conducts an autonomous entrance examination across various centers in India. In 2011, an estimated whopping 55000 candidates took the entrance exam for Full Time MBA (IB) course with 220 seats, making it one of the toughest B-schools to get into in India.