It is difficult to answer this question. The demand for managers in India is continually plummeting and it is foreseeable that nothing would eventually happen even if the Indian business schools stopped producing any more managers.
Around 99.99% of the work done by management degree holders in India can be done by absolutely any graduate. So, introducing any other profile other than that can be a far-fetched dream already.
The lowest package of IIM Ahmedabad is probably 0 LPA. IIM Ahmedabad offers many courses like Agri-Business Management that do not have many recruiters. Also, because of reservation, the quality of graduates at IIM Ahmedabad has been definitely diluted.