Impact of Multidisciplinary Approach of NEP 2020 on Commerce Education: An Empirical Study

Abstract

The New Education Policy (NEP) 2020 marks a paradigm shift in Indian higher education by promoting a multidisciplinary and holistic approach to learning. Commerce education, traditionally discipline-bound and theory-oriented, is expected to undergo significant transformation under this policy. The present empirical study examines the impact of the multidisciplinary approach of NEP 2020 on commerce education with special reference to academic performance, skill development, and employability of students. Primary data were collected from 420 commerce students and 45 faculty members of selected higher education institutions through structured questionnaires and interviews. Statistical tools such as percentage analysis, mean, standard deviation, and t-test were applied for data analysis. The findings reveal that multidisciplinary exposure has a significant positive impact on students’ academic achievement, critical thinking, communication skills, and employability. The study concludes that the multidisciplinary framework of NEP 2020 has the potential to make commerce education more flexible, relevant, and industry-oriented, provided effective implementation and adequate faculty training are ensured.