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Education TodayCommerce education need at school level

Commerce education need at school level

Published: 26th Dec 2021 7:11 pm

Hyderabad: Gone are the days when education aimed at imparting just the knowledge to the learner. With the changing dynamics of the modern world, the goal of education has rightly shifted to ‘employment creation’, along with regular teaching-learning process.

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Education goes in-vain when it fails to provide employment to the learner. Arriving as a boon, the new National Education Policy (NEP) 2020 has paved the path for an education system, focused towards employment generation.

Over the past decades, the business sector set a trend of employing a sizeable number of students graduating from colleges. Not just catering to the needs of the customers, large business houses are virtually controlling the demand for a product along with the price at which it will be supplied.

It is no secret that in response to the changing environment, business houses are calibrating themselves into online mode of functioning through e-marketing platforms.

E-accounting software like Tally, e-taxation platforms and faster-growing fintech businesses are the examples to substantiate the argument of business houses taking over every sphere of human lives.

The mushrooming of e-commerce platforms and India becoming one of the biggest consumption markets in the world, the employment opportunities in the fields of business, trade, and accounting sectors has increased many folds in the past decade. It won’t be wrong to assert that commerce education is one of those few courses which lead to getting swift employment.

Trend shows that two-thirds of the students joining the first-year undergraduate courses chose a bachelor’s degree in commerce in India. Besides, the opening of more colleges specialised in commerce education substantiates the fact that commerce as a stream is becoming popular among youth.

It is ironical that in our education system, a student has to wait until Intermediate level or under-graduation (BCom), to get introduced to subjects like business, commerce and accounting even though its importance is anyway not less than the regular subjects being taught since the school level.

Though commerce can provide a plethora of employment opportunities, a student has to wait till undergraduate course to learn about the subject. So, the time is apt to seriously think about introducing commerce education, which is popular across the globe, at school level.

Present System

In our present education system, subjects like mathematics, general science, social science and language papers are being taught since elementary school. Students opting for science or humanities stream find themselves in a better position in comparison to their counterparts joining the commerce stream in the intermediate level.

The current system having intermediate class will cease to exist once the new NEP 2020 comes into force which suggests 5 3 3 4 compared to the present 10 2 3 system. So, it is highly desirable to introduce the commerce courses in class 9.

This will enable students to learn accounting, commerce and other business-related courses subjects from the school level. The NEP 2020, therefore, creates the scope to integrate commerce education in school.

Commerce at school level

Introducing commerce curriculum at the school level will deepen the understanding of the students in business-related subjects. It will also promote an entrepreneurial mindset among the students.

Commerce education encourages one to be a job-giver rather than becoming a job-seeker. Otherwise as well, a commerce graduate can pursue a career as an auditor, accountant, business consultant, stock market analyst, merchant banker, etc.

Raising required awareness on commerce education among the students will guide them in choosing better career goals which leads to professions for which demand is increasing. It is now established that commerce has emerged as an attractive alternative to students not interested in pursuing the regular engineering or medical degrees.

Along with commerce education, in future we are required to introduce other courses targeted towards employment at school level. This will fulfil both the parameters of a good education system, namely imparting required knowledge and providing desired employment opportunities.

The slogan of the new NEP — “Not just learning, Doing!” can only be achieved, when our students utilise their knowledge in their profession.

Dr. RamaKrishna Bandaru
Assistant Professor,
School of Commerce and Economics,
KIIT Deemed University, Odisha

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