India, Aug. 20 -- India's startup ecosystem has fundamentally changed what it means to prepare students for management careers. A decade ago, business schools were largely focused on developing managers for established corporations. Today, they are expected to produce founders, early-stage leaders, product managers, growth specialists, and professionals who can succeed in fast-moving, technology-driven businesses.

This transformation goes far beyond the increase in the number of startups. It reflects a broader shift in the Indian economy, where innovation, entrepreneurship and technology are becoming major drivers of growth and employment. As a result, leading business schools are redesigning their curriculum and campus ecosystem so that...