The Future For India’s Business Education

THE FUTURE FOR INDIA'S BUSINESS EDUCATION B-schools are challenged on the skill- sets they impart and by MOOCS. Let's see what the future of business education in India holds. WHAT IS BUSINESS EDUCATION? Business education is a branch of education that involves teaching the skills and operations of the business industry. This field of education occurs at multiple levels, including secondary and higher education institutes. WHAT IS A B- SCHOOL? A business school is a university-level institution that confers degrees in business administration or management. Business schools are "educational institutions that specialize in teaching courses and programs related to business and management". MBA EDUCATION IN INDIA: In India, around 2.3 lakh students have applied to the CAT 2020. This number is lowest in the last four years, yet impressive given the pandemic situation. Though, the global trend in MBA admissions is much worse, MBA education in India has not yet lost its sheen. But this may not continue unless Indian B-schools adapt to the changes of 2020. INTEGRATIVE APPROACH TO BUSINESS EDUCATION: The biggest change brought about by the pandemic is digital transition. As reported by NASSCOM, digital adoption in the last six months is higher compared to digital adoption over the last five years. Companies across the spectrum are automating mundane tasks and adopting digital technologies to increase efficiency. CHALLENGES FACED BY INDIAN B-SCHOOLS: 3. The challenges facing the Indian B-schools are on two fronts - skill-sets in demand and content delivery. The key skill-sets demanded by the industry include negotiation skills, integrative approach, digital transformation, automation and analytics to name a few. Source: www.edumate.tv