Australia

You are eligible with IELTS score of band 6 for most of the universities.

Hi Nikunj
Pgdm course from IIMs is at par with the business courses abroad. The few benefits of doing it from Australia are the research facilities, infrastructure and the global outlook. If you can afford the fee, you must take the course abroad.
All the best

Dear Gaurav,
If you do a masters in Canada or Australia with a duration of 2 years then you get a post study work visa for 2 years and chances of PR are good in both countries, for Australia you would need to retake your IELTS and get 8 bands in all sections to get the required points for PR under the current system.

Dear Nisarg,
The fees are around 20,000 to 25,000 Australian dollars per year, the exact fees you can check out on the University websites, in Indian rupees it is roughly about 10 to 12.5 lacs, the living expense is about 20,000 dollars per year which is about 10 lac rupees.

Dear Nancy,
Are you asking for UG or PG courses ?

Hi
You need to have an excellent profile to be eligible for scholarship. The following website gives you around 50 scholarships. Pick and apply.
http://www.hotcoursesabroad.com/study/international-scholarships/australia/qn/mba/9/qid/k/scholarship.html
All the best!