Commerce and management education in India: Importance, challenges and opportunities and measures

Abstract

The seed of LPG (Liberalization, Privatization and Globalization) and its growing trends in the current scenario has been continuously dominating the scene of Commerce and Management education in India. The present Paper highlights the importance, recent challenges and opportunities in Commerce and Management Education in India and thereby it has also reported some of the noted measures to make our Commerce and Management Education more effective. The findings of the paper has picture out and shown the challenges that, the Indian Commerce and Management Education are lack in terms of crucial education infrastructure, sophisticated learning resources, well developed businesses and Management Institutions, first rated and digital library facility, Computer and Internet facility. The study has also reported the various opportunities available to the Graduate and Post Graduate Commerce and Management Students such as scope in Accounting and Finance, Portfolio Management, Stock Broking, Consultant and Taxation Jobs, Administration and Management. The initiatives of both State and Central Govt. through various routes such as IIM's, ICAI and other Commerce and Management Association are needed to design the framework of various measures to make our Commerce and Management Education more effective.