Management Education In India: A Paradigm Shift

<?ver th last few.years, he integration of world economies and societies is gaining momentum. Countries hke India an Chma, w 1ch are believed to be labour intensive and poor till a decade ago, are also opening the doors of their economies to the global markets. Globalization is influencing almost all sectors of the eco.n m including the area of higher education in all parts of the globe. As a part of the liberalization pohc1es implemented by the Government oflndia, it has been suggested by the policy makers that education ector s ould also be progressively privatized, in order to include the latest developments taking place in the mternat1onal arena. The policies proved to be effective and the progress of the higher education sector is observed to be commendable. It is believed that in the forth coming decade, India will become an attractive destination of multi skilled professionals for major parts of the globe. In this back drop, the author has made an effo t to stu y the progress o the igher education sector in India in the context of globalization. This paper aims to give a comprehensive view of the developments taken place in higher education, with special reference to Management Education aftet the implementation of economic reforms in India. It also includes a discussion on thechallenges faced by this sector and tried to produce some po sib\e so\uti m, perceived by the author. The observations of the study have been presented in four sections, the first section gives an idea of the development of management education, the second section presents the latest developments like the impact of globalization and WTO and the third section depicts the problems and suggestions for bettermentt and the fourth and final part concludes the study.