No, as per my knowledge there is no college in India which offer MBA in Politics
Specialisation Subjects for MBA in India are:
-Human Resource (HR) Management
-Finance Management
-Infrastructure and Real Estate Management
-Oil and Gas Management
-Tea Management
-Energy Management
-Entrepreneurship Management
-Telecom Management
-Retail Management
-Textile Management
-Sports Management
-Tourism Management
-IT Management
-Shipping Port Management
-Operations Management
-Risk Management
-Rural Management
-Brand Management
-Business Analytics
-Environment Management
-Biotechnology Management
-Business Process Management
-Logistics Management
-Production Management
-Product Management
-Strategic Management
-Supply Chain Management
-Marketing Management
-Knowledge Management
-Industrial Management
-Quality Management
-Hotel Management
-Hospital Management
-Facility Management
-Fashion Management
-Healthcare Management
-Export Management
-Event Management
-Communication Management
-Construction Management
-Customer Relationship Management
-Co-operative Management
-Dairy Management
-Design Management
-Disaster Management

Best MBA colleges India are :

Indian institute of management Ahmadabad,
Indian institute of management Calcutta,
Indian institute of management kozhikode,
Thapar University, Patiala
LPU,Jalandhar
IIT Mumbai
Indian institute of management Indore,
Indian institute of management Lucknow,
XLRI management institute of jamshedpur
SP Jain institute of managemtn studies
Indian institute of management banglore,
FMS -faculty of management studies,
Amity business school Noida,
IBA Bangalore,
VIT University,Vellore
Lovely professional university
IGNOU