One of the fastest growing sectors in the economy, the consumer industry has a lot to offer to those who are willing to take the plunge…
The consumer industry in India has shown tremendous growth in the last couple of years, leading to a high demand for competitive individuals in this sector. The consumer durables and FMCG (fast moving consumer goods) sectors, in particular, have shown a better growth trajectory. According to a report by Edelweiss Research, the consumer durable sector in India ‘clocked a healthy 11 percent CAGR’ between 2012 and 2017. In the next five years the growth is expected to be around 13 percent CAGR (compound annual growth rate). Same can also be said for the FMCG sector. It is the fourth largest sector in the Indian economy. According to a report by Market Research firm Nielsen, the Indian FMCG sector will grow 10.5 percent in 2018.
The challenge
Even though the numbers look good, a lot needs to be done in this sector as there are a number of challenges which might hinder the growth of the consumer industry in the longer run. The foremost of these challenges is the academia-industry gap. It is a known fact that what the institutes teach and what the industry demands is not on the same level. The academia lacks far behind in this regard. Although the top institutions of India are trying to bridge this gap, it is not enough.
The solutions
This story is from the September 2018 edition of Careers 360.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 2018 edition of Careers 360.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
'We have a completion rate of 80-90%'
During an interaction, Mayank Kumar, co-founder and managing director of upGrad, spoke to Sheena Sachdeva about new courses in accounting and management, the profile of learners, trends in online MBA courses, and more. Edited excerpts from the conversation below
New roles and spaces
Online MBA has helped many working professionals climb up the office hierarchy or even pivot to an entirely new career. But there are challenges.
'Committed to industry-relevant learning'
International Management Institute (IMI), New Delhi, is India's first corporate-sponsored B-school. It offers three PG diplomas in management - the flagship PGDM with 300 seats, as well as human resource management and business and financial studies with 60 each. Himadri Das, director general, IMI, discussed the challenges posed by competition among private business schools, the importance of diversity, and IMI's NIRF rankings with Sanjay. Edited excerpts from the interview.
National Insurance Academy plans expansion to meet rising demand
The National Insurance Academy (NIA), now situated in Pune, was established jointly by the ministry of finance and all the major public sector undertakings (PSUs) in insurance. Originally a training institute for insurance industry professionals, it has been offering a postgraduate diploma in management (PGDM) since 2004 and has placed 100% of its students all through.
The era of MBA in sustainability
As companies are increasingly pushed to meet environmental compliances, management institutes are revamping their curricula with specialised MBA programmes in sustainability or launching new programmes
Despite good record, SRCC's PGDM faces degree hurdle
Delhi University's Shri Ram College of Commerce started its postgraduate diploma in Global Business Operations (GBO) 25 years ago. Principal Simrit Kaur spoke to Shradha Chettri on their effort to convert the diploma into a degree programme, changes required in the National Institutional Ranking Framework (NIRF) and more. Edited excerpts
Managing produce, from farm to plate
Agribusiness managers are in great demand, both on the 'input' side of agriculture - seeds, fertilizer, machinery businesses - as well as in the processing of the 'output'
Creating 'innovators with conscience'
The SP Jain Institute of Management and Research (SPJIMR), Mumbai, has been the top Indian institution in the Financial Times' (FT) Masters in Management rankings for two years in a row. Varun Nagaraj, dean of SPJIMR, spoke to Atul Krishna about what the institute does differently, its plans, the future of business education, and the FT and National Institutional Ranking Framework (NIRF) lists. Edited excerpts below
'Quality management education that is equitable': FMS Dean
The Faculty of Management Studies (FMS) at the University of Delhi (DU) is one of India's premier business schools offering MBA courses at a relatively low cost, compared to most leading business schools in India. Celebrating its 70th year, it is also one of the first university-based business schools. In an interview with Sanjay, head and dean of FMS A Venkat Raman spoke about the functioning of a business school under a central university, challenges, courses and future plans. He also spoke on the Common Admission Test (CAT) and its impact on diversity in student cohorts. Edited excerpts
'THE CAMPUS IS AMAZING'
Four new IIMS - Bodh Gaya, Sambalpur, Jammu and Visakhapatnam - have found their permanent homes and they are beautiful, environment friendly and efficient campuses. Here's a quick tour.
