Dear Aspirant,
Candidates belonging to General category must have secured at least 50% marks in graduation, and candidates belonging to SC/ST/PWD categories must have secured a minimum of 45% in graduation are eligible for the exam. That is pretty much it for your graduation. IIFT won't call students on the basis of their Previous Academic Performance but on their performance in IIFT exam.
The following is the distribution of weightage:
Hope this helps. Thank you.
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