Commerce Education in India: Issues and Priorities in the 21st Century

Abstract

Commerce education in India has reached a critical phase of its life cycle where it is probably no longer possible for the policymakers and authorities of different universities to ignore the contextual realities. The nature and direction of commerce education in India at present deserves serious attention of policymakers. Despite proliferation of colleges and universities across the states of India as well as enrollment of students in the commerce stream at a galloping rate in central and state universities, the market requirements are not met qualitatively by the institutions of higher learning. The present paper makes a modest attempt to analyze the numerous issues relating to commerce education in India and also tries to point out certain priorities keeping in mind the contemporary realities. The paper concludes that context independent approach will no longer work and policymakers at different levels are expected to review the status of commerce education in India keeping in mind the ground realities and ever changing business and industrial environment of the world in general and India in particular.