Dropping a year is a very risky decision and has its own consequences. So it’s better you analyze your prospects and inclinations before forgoing an offer from any IIM be it Bodh Gaya or Sambalpur. It requires a lot of courage to risk an entire year just to target a better B School. Sometimes it’s worth it and sometimes it’s not. So I will suggest you to forgo such an offer only if
I will say that IIM Bodh Gaya is not bad of a choice mainly because it is an IIM under the mentorship of IIM Calcutta.