Santosh Gurav gained a bachelor's degree in technology from a mid-tier coll...
CHINCHWAD, India - Santosh Gurav gained a bachelor’s degree in technology from a mid-tier college in western India last year, specializing in electrical engineering and hoping to land a job in industrial automation.
He is one of hundreds of thousands of engineers - studying everything from computer code to civil engineering - that India’s education system churns out each year, many with large loans and little prospect of finding a job in their field. The data, which is an estimate based on household surveys, shows 31.2 million people were actively looking for jobs in February this year, said Mahesh Vyas, the CMIE managing director. It did not have a breakup for engineering or technology graduates.
Employers often complain about the lack of skilled engineering and technology graduates, said Varun Aggarwal, an electrical engineer and co-founder of the skills assessment firm Aspiring Minds. Its surveys show over 80 percent of the engineers India produces are not employable. The employability has not improved in seven years, Aggarwal said.“We need to start there, at the beginning of the education system,” said Aggarwal.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | Puerto Rico’s reckless involvement could worsen the Venezuela crisisOpinion: Puerto Rico’s reckless involvement could worsen the Venezuela crisis
Read more »
Stalled out job growth could be warning of slowdown but no signal of recessionFebruary's job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession.
Read more »
Instant View: U.S. February job growth stalls but wage gains strongU.S. job growth almost stalled in February, with the economy creating only 20,00...
Read more »
Trump missing in action in Pakistan-India crisis, ex-diplomats sayAnalysis: Instead of playing role as mediator, U.S. tilts to India amid growing impatience with Pakistan and its alleged links to extremists.
Read more »
10 promising work-from-home jobs that pay up to $118,000—and offer 4-day workweeksThese 10 jobs let you work from home, pay up to $118,000, and offer 4-day workweeks. via CNBCMakeIt
Read more »
Policy Makers’ Debt Fears Can Worsen Downturns, Say ResearchersA new paper sheds light on why countries with higher levels of government debt relative to the size of their economies typically fare worse after financial crises than countries with lower debt levels.
Read more »
French banks’ pain may worsenThe Bank of France may raise capital buffers to dampen loan expansion. That is justified given credit is growing much faster than the economy is expanding. But combined with pitiful lending margins, the move would add to the profitability problem which is plaguing Gallic banks.
Read more »