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The commerce ministry's Indian Institute of Foreign Trade (IIFT) has moved up twelve place to 15th rank under the management category in the NIRF ranking 2024. The ranking under the National Institutional Ranking Framework (NIRF) was released by the HRD ministry on August 12. In the last year's ranking, IIFT was at 27th spot as against 24th in 2022. It was 25th in 2021, 26th in 2020 and 31st in 2019. The institute was ranked at 23rd rank in 2018, 30th in 2017 and 81st in 2016. NIRF was launched in 2015 to rank higher educational institutions in the country based on objective criteria to promote competitive excellence in such institutions. IIFT was established in 1963 as an autonomous body under the ministry to contribute in the skill building for the external trade sector of India.
Rankings of higher education institutions under the ninth edition of the National Institutional Ranking Framework will be announced on August 12, Union education ministry officials said on Monday. The annual rankings are usually announced in April but have been delayed this year. "The National Institutional Ranking Framework (NIRF) rankings will be announced at 3 pm on August 12," a senior ministry official said. Last year, the Indian Institute of Technology - Madras continued its dominance as the best higher education institution in the country as it secured the top spot for the fifth consecutive year. The ranking framework evaluates institutions on five broad generic groups of parameters of teaching, learning and resources, research and professional practice, graduation outcomes, outreach and inclusivity and perception. The ranks are assigned based on the total sum of marks assigned for each of these five broad groups of parameters.