In India, business journalism is a highly specialized and in-demand vocation. As the country advances in its growth, new industry leaders emerge, and the Nifty and Sensex dominate the market, highly qualified, specialized journalists are needed to make sense of what is going on in the business world.
Business journalism is more than simply a record of how the markets react to the country's political developments; it's also a record of how the country is progressing as it prepares to become a global business superpower. Business journalists are also the observers who keep an eye on how the government spends the money of investors and the general public, as well as the expansion of infrastructure.
Role of a Business Journalist
A business journalist covers business news, including CEOs, initiatives, and activities, they may also look at corporate procedures, ethics, or the leadership of a company. They may spend time interviewing corporate leaders, entrepreneurs, regulators, board members, and others in the industry. These journalists also contribute to print publications by writing stories or articles, they might write scripts for live or taped newscasts.
In a nutshell, business journalism is designed to inform the people about the issues related to the business world. Given that most publications, newspapers, and television networks have a business section, it's evident that business journalism is important!
Following are some of the reason for the gaining popularity of Business Journalism –
1. Information about Economic Activities –
Business journalists inform practitioners, the general public, other business experts, and investors about corporations and economic activity. They play a critical role in information sharing, allowing consumers to make well-informed decisions about which companies to do business with, invest in, or work for.
2. Valuable Insight –
Business journalism does more than only inform us about business, money, and other relevant topics. This branch of journalism exists to maintain tabs on society's most powerful organizations, especially corporations, and their growing influence. Business journalists will always be able to tell us what firms are looking for when they employ, which companies are having difficulty hiring or managing their funds/issues, and whether firms meet their promises or not. Essentially, business journalism may provide us with significant information on a variety of topics, not only business, through research and tracking, even if these topics are not the primary focus.
3. Make Subjects Understandable
As previously stated, business journalism is capable of informing and demonstrating everything we need to know about large organizations, businesses, and corporations. However, if we were given that information in its raw form, as journalists do, we wouldn't be able to make much sense of it. This is because, despite the fact that economics and business are two of the most powerful forces shaping our lives, they are often mysterious or hidden. As a result, we, the general public, are frequently duped, lied to, and duped into believing something we don't want to believe. Business journalism has the ability to reveal to us the information that governs our lives in a way that we can comprehend and analyze.
4. Essential Part of Everyday
Business Journalism encompasses practically everything; nevertheless, it can also be viewed as the core of every big story around the world. Even if these tales are not about business, they can be related to it. It goes without saying that all of the foregoing is based on finance, business, and economics and that business journalism will almost certainly continue to cover tales like these in the future. Business journalists will track, analyze, and document everything that has anything to do with money and economics. Even influencers are likely to be the subject of these case studies, especially in light of recent evidence that most influencers are worthless without a corporation to back them up.
5. Makes Lives Better
Because they are committed to seeking the truth and delivering it to the public, business journalists are required to deliver a balanced viewpoint. The Business News serves a purpose in people's lives. As a result, it provides people with the most up-to-date information possible so that they may make well-informed decisions in all parts of their lives
