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Role of Management Education in Indian Economy

Management education has become vital in today’s global environment. Good business schools are essential for any developing country to impart management education. These business schools focus on giving value education to its students. It gives a platform to the students to have a high flying career, which makes them competent to contribute to the economy of the country. Management education works as a passport to an individual’s success story. It opens many career options and changes the attitude and personality of an individual.

Effects on Indian economy

Gone are the days, when only one particular sector used to contribute towards the growth of the economy. In today’s time, different sectors such as textiles, automobiles, consumer durables, petrochemicals, real-estate and construction, financial services, healthcare, airlines and many others play a vital role in contributing towards the national economy.

Talking about the challenges that a developing country like India faces, it requires people who can develop new ideas and are able to give back to the society. For the same purpose, the largest network of B-schools that we have today needs to educate the students about management and produce not just managers but individuals that are capable of meeting any kind of business challenges faced by a globally competitive environment. They should be imparted education to become innovative and willing to serve the nation.

The corona virus pandemic has weakened all the major sectors of the Indian economy. From reduction in growth to rising unemployment, challenges are in large number. Many organizations could not withstand this adversity and had to resort to pay cuts, reduced man-power, and even shut downs. However, it was only due to the efforts of some skilled management teams that enabled many Indian companies to sail through the COVID 19 pandemic. Therefore, appropriate and outstanding practices which are trademarks of quality management invariably needs to be adopted as these directly impact the economic growth of the nation.

Management education in our country has been attracting attention and is set to play a leading role in shaping the economic destiny of the country. Thus, the onus lies on the various stakeholders to contribute wholeheartedly towards the management education in order to propel the country’s economy to new heights.

Management Institutes in India

There are some excellent management institutes in India that have maintained the high quality in their teaching. Management universities in Jaipur such as UEM Jaipur offer management programs in both undergraduate and postgraduate levels. It nurtures the students by providing them various avenues of new learning and inculcates the quality of leadership and innovation amongst them.

Established in the year, 2011, the institute has been known to offer MBA programs with various specializations such as human resources, finance, information technology, marketing, strategic planning and production & operations.

UEM Jaipur is always an option to consider if you are looking to pursue a management course in India.

For more details about the institute and about the various management courses that it offers, you can visit the website.

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