Career Prospects in India

India is the second fastest GROWING ECONOMY IN THE WORLD UNDER PRESENT TREND OF GLOBALISATION. The growth of Indian economy is positively co-related with the growth of tertiary sector of this economy. The educational services constitute important components of this tertiary sector. The educational services and financial services in the tertiary sector are complementary to each other. The output of educational segment becomes the input of the financial segment in the tertiary sector of Indian economy. This input-output relation between education and finance as the components of tertiary sector is the foundation for the career prospects in India. There is proportionate growth of both educational and financial services in India. Therefore, the educated youth who acquires highest skill in financial matters such as accountancy, finance management, risk management, foreign exchange management and the asset management in the capital market becomes valuable input in the financial segment of the tertiary sector. This implies that there are relatively higher career prospects in the financial segment of the tertiary sector of the Indian economy. In view of this, fundamental change in the structure of Indian economy, the approach of the parents and the students in India towards the career management must be basically changed. The engineering and the medical professions have no more remained the most attractive professions. The talented students should divert themselves from the ambition of becoming b.tech from iits or mbbs from any medical college to becoming professional economist, finance managers, the legal advisors, the sociologists and anthropologists. The financial institutions require the services of these highly skilled outputs from the educational sector. If the talents in India are proportionately distributed among the technical, medical, financial, economic, legal and social entrepreneurial professions, there will be sectoral balance in the tertiary sector of Indian economy. There will be more effective investment of human capital in India. This developed human capital will give more Phillip to accelerate the growth rate of Indian economy in future. The conventional approach of the parents to invest their hard earned monetary capital in the form of huge capitation fee to the so-called professional engineering and medical institutions for transforming their wards into mediocre and less knowledge-oriented engineers and medical practitioners should be fundamentally changed for promoting the above sectoral balance in the tertiary sector of Indian economy.