The IIT Bombay campus

The Annual Asia University rankings of the Times Higher Education (THE), released on Wednesday, reveals that the Indian Institute of Technology Bombay (IITB) has dropped to the 44th position from last year's 42nd in Asia. However, the institute has managed to bag the second ranking in India. The Indian Institute of Science (IISc) Bangalore, which ranks 29th in Asia, has bagged the first position in the country.