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India doing well in business studies

?INDIA HAS taken a remarkable leap in the study of finance and business management. A number of foreign financial experts have recognised this and are doing major studies in India.?

india Updated: Jan 01, 2006 00:11 IST

“INDIA HAS taken a remarkable leap in the study of finance and business management. A number of foreign financial experts have recognised this and are doing major studies in India.”

Professor Bhagwan Chaudhary, who is an alumnus of the 1981 batch of IIT-K, said this while talking to Hindustan Times. Chaudhary, who did his BE in Mechanical from IIT-K and later switched over to Economics, is at present professor of Business and Finance, University of California. Chaudhary said, “Earlier India was lagging behind in finance and business management in comparison to foreign universities but things have changed today.” Even foreigners were taking up specialised courses in management in India, added Chaudhary.

Commenting on the Joint Entrance Examination (JEE ) conducted by the government for IITs, Chaudhary said, “JEE must be aptitude based and the present pattern of entrance examination for IITs should be done away with.” He was also averse to specialised coaching meant for IIT entrance.

“Coaching classes lay stress on a particular pattern and set of questions. But the IIT entrance examination must be unpredictable and there must be something new in every entrance,” pointed out Chaudhary.

First Published: Jan 01, 2006 00:11 IST