The Human Resource Development Ministry on Monday ranked IIM-Bangalore as the top management institute and IIT-Madras as the top engineering institute in India.The Indian Institute of Management-Bangalore was followed by IIM-Ahmedabad and IIM-Calcutta in the second and third spot among management institutes.The Indian Institute of Technology-Bombay and IIT-Kharagpur were ranked the second and third best engineering institutes respectively. The rankings were announced by the ministry under the the National Institutional Ranking Framework's (NIRF) programme 'India Ranking 2016' here. NIRF was launched by the HRD ministry on September 29, 2015. 'India Rankings 2016' evaluates higher educational institutions in engineering, management, universities and pharmacy categories.