The “shelf-life” of educational degrees and certificates has become very short and higher education must be able to respond more quickly to these changes and provide the requisite educational changes to handle these needs.
The Indian retail industry accounts for over 10 per cent of the country's Gross Domestic Product (GDP) and around 8 per cent of the employment, making India the world's fifth-largest global destination in the retail space.
Globally, the concept for STEM initiative in education is already creating a buzz. STEAM is just an advanced form of STEM education initiative that deals with Science, Technology, Engineering, Arts, and Mathematics.
Science, Technology, Engineering, and Math, abbreviated as STEM, is a curriculum based on the idea of educating students in these four specific disciplines – not as separate and discrete subjects but as an interdisciplinary and applied approach.