INTEGRATING NEP 2020 INTO BUSINESS EDUCATION: OPPORTUNITIES AND CHALLENGES

Abstract

This research investigates the New Education Policy (NEP) 2020, focusing on its influence on business education and identifying gaps within the existing educational framework. Primary data were collected from 366 participants specializing in business or commerce across institutes in Bhadrak, Jajpur, and Balasore districts of Odisha. The study employs descriptive analysis, chi-square tests, and multiple regression analysis to achieve its objectives. Results reveal that NEP 2020 plays a critical role in promoting holistic personal development and lifelong learning. The policy’s impact on business education was also examined, highlighting its emphasis on fostering entrepreneurial skills and mindsets. The study underscores the importance of raising awareness about NEP 2020 among students and ensuring its effective implementation within educational institutions. Regular assessments of the policy's impact are essential, with prompt adjustments recommended as needed. NEP 2020 holds significant potential for advancing national growth and enabling India to compete globally in the education sector in the 21st century.