Commerce graduates can turn India into manufacturing powerhouse

The HSC results were recently declared. For students, this signifies crossing an important milestone in their education because from this stage forward, it is a journey towards building one's career. The subjects students choose to study now, which college, the streams they opt for, are all contributing factors in laying the foundation blocks of a pupil's professional life.

There are students who have clarity on what they want to choose, or become; understandably, for others, the question of what to do next comes with a huge question mark.

Needless to say, choosing subjects a complex decision to make, but in today's day and age, students are spoilt for choice. Now, every stream has become as glamorous if pursued with zeal.

Commerce students interested in accounting and financial management can earn a bachelor degrees in both fields. M.Com (accountancy), M.Com (banking and finance), CFP, CA, CFA, MMS, MBA are the higher education options Commerce will provide.

Finance is the backbone of all industries, and accounting professionals are essential across sectors including banking, service, education and manufacturing, NGOs and housing societies.

The know-how of international accounting standards will give the students a competitive edge, and further strengthen India's brand image in services.

The economic development of India, with a boost to the manufacturing sector, calls for a higher demand for accounting professionals inspired by Modi's 'Make in India' drive to boost skill development and turn India into a manufacturing powerhouse.

This will transform the landscape of professional services and the competence of Indian professionals in accounting, corporate and tax world, which will be a major force to reckon with.

With the government's pro-business outlook, and in view of the support the Make in India campaign is getting from every industry, India needs to prepare its youth with the right kind of education and professional courses.

— Dr Jayshri Phadnis, principal, Vivekanand Education Society, Chembur (E)