The Medical Council of India was established in 1934 under the Indian Medical Council Act, 1933, However the present structure of MCI was through the 1956 act. The website of Medical Council of India About us page reads as follows
The objectives of the Council are as follows:-
1. Maintenance of uniform standards of medical education, both undergraduate and postgraduate.
2. Recommendation for recognition/de-recognition of medical qualifications of medical institutions of India or foreign countries.
3. Permanent registration/provisional registration of doctors with recognized medical qualifications.
4. Reciprocity with foreign countries in the matter of mutual recognition of medical qualifications.
Out of these 4 Objectives, MCI failed completely on first and fourth objectives. India was the only country with two parallel medical postgraduate education systems through Medical colleges and through National Board of examinations. Now adding to this non-uniformity, diplomas of College of Physician and Surgeons of Mumbai (CPS) is also recognised. In undergraduate (MBBS) courses Universities are given free hand to decide and deliver exams and curriculum lacking uniformity.
Coming to the Reciprocity MCI agreed in reply to one RTI that not a single country is recognised by MCI on mutual recognition basis since the time of its inception. Its a telltale story that either its was not even intended to give mutual recognition or it was never pursued.