Is it better to go for the IPM program offered by IIM Indore or do a bachelor's degree and go abroad?

First of all, it depends on the college you enroll in (for undergraduate study in India) and the subjects you are interested in. Choose IPM if the undergrad institution you are considering is not on par with it. If not, you might still think about that as a possibility.

Additionally, it depends on individual preference, financial situation, family, etc. Moving abroad is a major decision, and not everyone is emotionally or mentally prepared for it. Therefore, it is a very individual choice.

Most importantly, after completing the first three years at IPM, you are free to transfer to another college abroad. People have done this in the past and been accepted to institutions like HEC, and Paris. If you take this route, you will have the security of completing an MBA at IIM-Indore in case you are not accepted to your dream college abroad; however, if you are, you may leave IPM. It benefits both parties. 

Additionally, three years is a long time, and if you decide to travel abroad, your preferences may change. In that case, IPM is still a better choice. As a result, we strongly advise choosing this option.