A Study on Opportunities and Challenges in Business Education

Udyogam Purushalakshanam was a famous Sanskrit verse. Now it is being slightly changed to Udyogam sarvara Lakshanam. The trend is changing drastically that everyone irrespective of their sex, is interested in engaging in any activity thereby earning some livelihood. Either a person should get a job in Government/Private sector or else he should try to develop his own business so that he not only gets a livelihood but also gets an opportunity to employ people who are in need of a job. In order to encourage the people to undertake their own businesses and also to train up them to get employment opportunities we need to provide quality business education. The need for business education in a country like India is very much where nearly more than 50% of the population is below the age of 25 and more or less 15% of the population is in between the age group of 25 – 35. India is the world’s youngest country by with an average age of 29. Under this scenario, the need for providing business education is very high. This paper is an attempt to identify what opportunities and challenges are available in relation to Business Education that too with particular reference to India.