550,000 engineering graduates pass out in India; only 25% of them employable
Thursday, 7th April 2011
Of the 550,000 engineering graduates passing out every year, anywhere between 10% and 25% cannot be readily employed by any technology firm in the country . Software lobby Nasscom says only 25% of graduates working in IT are readily employable, while it is roughly 15% for back-office jobs. Growing gaps in skills needed for computer science graduates to start coding at the earliest is nothing new, but India Inc's modest progress in dealing with the problem is what marks the seriousness of the issue.
India's $60-billion outsourcing industry is already spending almost $1 billion a year on readying these graduates, picked up from different campuses. But only marginal headway has been made with the percentage of employable engineering graduates moving up by just a per cent over the past six years to 25%.
Publication : Economic Times
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