NATIONAL EDUCATION POLICY (2020) AND ITS OVERALL IMPACT ON COMMERCE EDUCATION AS A DISCIPLINE.

Abstract

National Education Policy (2020) will act as one of the driving forces of its economy, by creating a specialized workforce built on knowledge maximization. The Policy highlighted the many flaws in the educational system and aims to improve this scenario. Certain provisions include: (a) Enabling a student to study one or more specialized areas of interest, across a range of disciplines including professional, technical, and vocational subjects, (b) An Academic Bank of Credit (ABC) will be established to digitally record the academic credits earned from various recognized Higher Educational Institutions so that the degrees can be awarded considering all credits earned in the case of multidisciplinary candidates. It acknowledged the dropout rate in the country and the social stigma against Vocational education and aims to provide a solution, creating a well-rounded workforce for the country’s future. It also highlights the requirement for financial support and curriculum flexibility for students at every level.