I like the detailed Profile evaluations you have posted earlier in this thread. I am Indian Female with GMAT 680. Other attempts:
1. Nov 2011: 600
2. Nov 2012: 680
3. Sept 2014: Decreased my score, so cancelled.
Can you please evaluate my Profile: https://www.beatthegmat.com/profile-eval-indian-f-28-gmat-680-please-help-t277022.html
Thanks for posting. Here is our take on your profile:
Academics and analytical skills: Your GPA is certainly solid, and that too from the prestigious BITS Pilani (was this the Pilani campus or one of the others?). The fact that you have a dual degree does help, and so does your MS in Information Systems. The overall GMAT score could be higher, but we guess you have already gone that route. With 680 too, there are many options that remain open and very much viable for you.
Work ex: For the most part, this seems good. Some questions to answer will be around whether your role was only around development or whether you were also involved in product planning or client management at some level. On the career break, it can be explained on your application, but you should also lay focus on when you are planning to return to work and what it means for your career. The break should come across as an unintentional gap that you could not help (as is the case), not prolonged time off which made you instead consider moving away from your job (as could be wrongly perceived.
ECA : The dance achievements matter significantly. The other ones are fine too, but they will matter much less.
On your other questions:
1. Budget constraints: You have noted that you are increasing your overall budget, and we strongly urge you to do that. At 55-58k, there will be few schools you will be able to target in the US and European region. In Asia, of course, there are a number of schools you could look at within that budget.
2. Undergrad Econ major: This will help as noted above, but a definite stance on that can be taken once your profile is analyzed in more detail (around the projects you have done, your work responsibilities etc), and what you wish to leverage your MBA for.
Here are some links that you might find helpful. Some of them were written with the Indian IT Male in mind, but most of the information is also applicable to women candidates:
Indian IT candidates: preparing to apply to an MBA
Indian IT MBA applicants: choosing the right schools
Essay tips for Indian IT MBA applicants
Also here is a success story of a similar applicant who made it to a top MBA program:
Indian IT Female gets into a top MBA program
All the best and do feel free to come back with further queries