Market Survey

Talent availability & Opportunities

According to the 2013 report of HRD ministry, India has 6,214 engineering and technology institutions. Around 1.5 million engineers are released into the job market every year. However, only 3 percent have suitable skills to be employed in software or product market, and only 7 percent can handle core engineering tasks.
Experts say that this may cause serious instability in the economic and social conditions, along with wide scale dissatisfaction and disillusionment.

According to the latest 2018 survey reports India produced the maximum graduates worldwide with 78 million fresh graduates in 2016, the report said adding that despite ample talent, some job roles remain vacant due to lack of requisite skills.

According to industry experts and academicians, one of the chief contributors to the talent mismatch is the disparity between college curriculam and industry expectations.

The big question: What can happen when such a large population of youth do not get jobs?

Courtesy – India today

Indian Staffing Industry Report 2017-18