Unexploited Opportunities and Emerging Challenges in the Development of Commerce Education in Mumbai

In the times of multidisciplinary approach to teaching and research, Commerce education has a challenge to respond to changing environment both in education sector as well as the market. It is required to study whether commerce education is able to enrich the students in class and content. There is a need to look into another aspect of education viz., whether our students are able to expand their thinking in order to look for their options for the future career. This is a larger challenge for the educators involved in teaching and research in commerce. Overall, commerce education in India is provided at three levels in general viz., School level (up to +2), College level (BCom.) and University level (M.Com.). These three levels have to be viewed and responded differently.

Commerce as a discipline should get into diversification mode by offering more market driven as well as skill oriented diploma programmes.

Commerce education was considered as an umbrella for the development of other emerging area such as Management, Accountancy, Insurance, Banking, Business Law and Finance in the past. Due to absence of practical teaching in the subjects and other factors, the popularity of this stream of education is on declining trends and has been facing stiff competition from the other streams. To get up from the present situation a practical approach to the stream is highly needed. Keeping in this view, the present research paper attempts to provide a comprehensive strategies for commerce education and review opportunities and emerging challenges in the field of commerce in Mumbai particularly in University of Mumbai.