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Hello Upamanyu,
Welcome to CareerGuide,
As discussed, Go ahead with Gmat exams this year. An average score will also help you to make it into a good college..colleges are more interested in what else you bring along with your score such as your skills and business aptitude. Start early, Go for planned preparation and practical time management....and it would be easy to manage both. You can take help from coaching classes or can go for good books ?? and guides. There are lots of free practice and sample papers available on-line as well. It is one of the most crucial M.B.A. Exams and accepted worldwide. So give your best shot.
All the best....
Regards
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