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Yes, pursuing a Master of Commerce M.Com degree through correspondence from Mumbai University after completing a Bachelor of Commerce B.Com degree through regular mode would be considered as 16 years of education. In India, the 16-year education system is the minimum requirement for admission to most postgraduate programs, including M.Com. B.Com is a three-year undergraduate programme, and M.Com is a two-year postgraduate programme, so the combination of both programs would fulfill the 16-year education requirement. However, it's always advisable to check the specific eligibility criteria of the institution or programme you're interested in to ensure that you meet all the requirements.