‘Focus On Triple Bottom Line Must'

NITI Aayog Vice-Chairman Rajiv Kumar talks of management education and advocates a focus on the ‘triple bottom line’ of profits, the environment, and the equity around it.

- Soumya Sehgal

MANAGEMENT education in India has evolved significantly over the past seven decades. The rapid economic progress that followed liberalisation created a considerable demand for management degrees, leading to a plethora of both private and university-affiliated business schools. Today, a startling 3,000 and more management institutes that teach more than 8,000 management courses, have cropped up around the country. “This is a large segment and we must reckon with this,” emphasizes Rajiv Kumar, Vice Chairman, NITI Aayog.

The rapid mushrooming of these MBA schools often occurred with structural weaknesses. The pandemic revealed how technology could be a disruptor in the realm of education, but also created a situation where management graduates faced challenges finding employment. According to India’s