Hello Manmeet Singh

Right now, All I can tell you is that may be at this point of time 3 years seem like a long journey but once you get into your dream job these days of hardwork will mean insignificant.

If it's your dream to do MBA from a renowned institution and believe in your potential then with out doubts you can do it. 78 isn't a bad percentile. Your hardwork will pay it all off.

But making a backup option is a good move. I believe that you should not leave your education. Apply to some good university for a one year diploma or a two year programme course so that even if you couldn't get through CAT you will have a fine option.

I suggest you to go for

GOB diploma from SRCC(Delhi University)

.

Language diploma (french/ Chinese/ Spanish etc)

.

MBA(JNU its forms are already out) 

.

Diploma in travel and tourism

All the bedt

.

Hello Manmeet, 

If you have joined your fathers business and not pursuing any course in future than i think you should go for one more attempt. Their is nothing bad and this time try your level best and do your prepration by thinking that this is your last attempt. 

All the very best and this time you will definitely score above 85 percentile.