Another thing to consider, I believe some schools will not admit international students in the final round because of visa concerns. So definitely look into whether they actually admit international students in the final round.
It might help to wait until next year and come up with a list of schools where your chances are stronger. I dont think the Indian applications will be as affected by the slumping economy in the US as some other demographics. Besides its already an extremely tough one so a year isnt going to make it that much harder, since its already so tough.
My advice is to wait until next year since your chances are so slim in R3. Also I hate to say it but given the competition in your pool, I recommend you retake the GMAT. A 700 is a great score but if you ask the Indians on here who have had success many have 750+ and if you are waiting until next year you will have plenty of time to work on bringing up your score. Also I suggest you frequent this place, there are lots of discussions from people on what worked for them and you can really absorb a lot about the process by just following some of the threads. Also, chances are there will be some people on here right now who will be attending the schools you will apply to next year, and most everyone here is super helpful and they will probably be able to give you some constructive advice on essay approaches and such. And honestly the more you are involved on here the more people are willing to help.
Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
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