The world order is rapidly changing and the ‘slumbering elephant’ is actually racing ahead to catch the ‘speeding tiger’. The erstwhile ‘takers’ have become the ‘givers’ and are widely recognized as the drivers of the world economy. Be prepared to witness dramatic changes ahead.
Economic policies, which were shunned earlier are now ‘The policies of the millennium’ pursued by all, irrespective of their ideological leanings. India’s young vibrant population is today perceived as its main strength. Similarly, India’s independent and well calibrated approach to the issue of full capital account convertibility, while preventing the ill effects of the global financial crisis, has proven to be a beacon in the art of Monetary Policy and Exchange Rate management for Central Banks all over the world.
In this changing world order and a globalised environment, Economics is emerging as a crucial ‘science’, the understanding of which is rooted in the Humanities, the application of which is based on Quantitative Methods and the impact of which is all pervasive whether it be International Relations and Politics, Finance, Management or Business. It is the recognition of these inter –linkages, which has led NMIMS, in its pioneering role, to set up the Sarla Anil Modi School of Economics and to introduce the innovative undergraduate B.Sc. (Economics) program.
The program, with its innovative pedagogy, contemporary curriculum incorporating the latest developments in Economics, along with the enhancement of soft skills and a blend of theory with practice, seeks to provide holistic education.