Gap years "don't matter in most cases" for IIM placements per the ex-placecom AMA host, as long as you can justify them with a specific reason. The common acceptable justifications: CAT preparation gap, CA/CFA prep gap, NEET/UPSC attempts, family emergency, medical reasons, or founded/worked on a startup. At IIM Rohtak (Rs 16L fees, Rs 18 LPA avg) and similar new IIMs, recruiters typically ask about gap years in interviews and accept honest answers.
The unacceptable framing: "I was confused" or "I needed a break" - these signal lack of direction. Practical approach for 1-year gap: frame as "CAT preparation gap" or "skill development" with specific courses or projects completed. For 2+ year gaps, show continuous productive activity (certifications, part-time work, volunteering).
Note: the AMA host specifically said "gaps don't matter in most cases" which means they matter in ~10-20% of cases for specific firms like conservative banks or government firms. If you have multiple gaps (3+ years cumulative), your placement options narrow - target specific roles that value mature candidates. The 1.
5 year gap with 13 months Adani Power work-ex (example from AMA) was assessed as "good chance for decent SIP" at 9/8/8 profile - confirming gaps don't kill placements if work-ex is solid. Check your eligibility at collvera.