If you are interested in studying wildlife, flora, and fauna of a region, rural development, environmental conservation, climate change, economic empowerment, forest sustenance, etc then IIFM Bhopal is the best one to go to in India.
It's a niche market if you see it one way. But if you're really passionate about the aforementioned fields then, you can make a thriving career out of it.
A regular MBA from any other college will be better than IIFM's but for forest management, it's definitely the best India can offer.