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The number of final placements at the newer Indian Institutes of Management (IIMs) has dropped significantly this year. Meanwhile, there has been a slight downward trend at top business schools, which has also impacted summer internships as recruiters “freeze” or “delay” hiring until the start of the following year due to concerns about a potential slowdown in the global economy. While academics at virtually all B-schools, even the most prestigious ones, agree that this is a tough year, third-generation IIMs have been particularly hard hit.