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Employability of Indian Engineers is now 63.05% against 20% earlier.
'India Skills Report 2019': employability increases from 37% to 47.38% in 5 years
This year, India Skills Report which is a joint initiative of Wheebox, a Global Talent Assessment Company, PeopleStrong, a leading HR Tech Company and Confederation of Indian Industry (CII) and supported and backed by renowned partners like United Nations Development Programme (UNDP), All India Council for Technical Education (AICTE) and Association of Indian Universities (AIU), stated that Employability continues to rise thus reaching a new high of 47% this year - An incrementalchange of almost 2-3 percentage points since last year and a huge change of over 15% points in the past 5 years.
While in 2014, the percentage of employable population was a paltry 33% and thus this year reaching to 47%. Engineers continue to be the most employable whereas MBA courses lose its shine. As per this year's data 57% of the final year engineering graduates are employable, which is an increase of about 5% points since last year which was 52%.
India Skills Report was launched in Lucknow by the Chief Guest Shri. Dinesh Sharma, Deputy Chief Minister, Uttar Pradesh. Also present were Sougata Roy Choudhry, Head of Skills - Confederation of Indian Industry, Nirmal Singh , Founder & CEO - Wheebox; Arun Nanda, Chairman - Mahindra Holiday and Resorts, Mauro Dell'Ambrogio, State Secretary for Education, Switzerland, Soumitra Bhattacharya, MD - Bosch and Anshuman Srivastava, Vice President - PeopleStrong.
Mr. Nirmal Singh, Founder and CEO of Wheebox, "The increase in employability touching 47% is good sign for the market. But we have a long way to go and entire ecosystem should focus on bridging the employability gaps, enhancing the talent pool thus taking measures from school level to professional level focusing on learning."
He further added that Educational Institutes should focus in identifying the skill gaps amongst the students and Students should explore options of developing their skills which would give them the direction towards their career.
The comprehensive talent demand and supply report is backed by renowned partners like United Nations Development Programme, AICTE, AIU and various state governments. The insights and trends are captured from the largest employability test that was spread out to 5200 Universities and Professional Institutions in India thus reaching out to more than 3 lakh students across 29 states and 7 Union Territories in India. This year, Andhra Pradesh tops the state with highest in employability followed by Rajasthan and Haryana which has made an entry for the first time to the top 10 states; Madhya Pradesh, Gujarat and Punjab moved out of the last year's list.
It also mentioned that there has been increasing presence of employable talent is in tier 2 and tier 3 cities thus not limiting to metro cities. This trend can be seen in spite of lack of big institutions such as IITs/IIMs or any other renowned institutes in tier 2 and 3 cities. The employability amongst MBA graduates has further dropped by 3 percentage points over last year. (Most of the participants were tier 2 and below colleges).
It seems that with exponential increase in the number of MBA colleges the quality of talent is seen to be declining, which needs government attention. But what came as a surprising was that there has been a drop-in employability of B Pharma graduates this year. While in the past years B Pharma has always been amongst the most employable domains the number a decrease of 12% since last year.
Other Findings include the key job areas which the companies would be hiring the most for are: Artificial Intelligence, Design, Analytics, Research and Development. Of which Design jobs would be the most in demand (23% of employers plan to hire for design jobs). This is a common thread across industries
- Hospitality, travel, Software, mobile companies are looking for seamless
Experience (UX) for their app/website/software/property users (or visitors) and auto companies are looking for better driving experience.
Engineering and general graduates constituting 45% of total hiring requirements while there would be increase in demand of ITI & management graduates whereas polytechnic graduates would see a drop.
Female employability increased this year as compared to last year. It has increased from 38% last year to 46% in currentyear. Male employability score has grown from 47% last year to 48% in current year.
Almost 70% of freshers expect 2 lacs or more as their first salary & 47% of candidates expects 2.6 L or above as their starting salary.
Almost 40-50% of existing jobs which are transaction heavy would get automated. The key sectors are IT, financial services, manufacturing, transportation, packaging, and shipping, etc.
Job portals and Internal referrals came up as the top 2 most preferred sourcing channels of employers. While until last year, these 3 sources put together were preferred by 70% employers, the number dropped to 63%.
 

ezsasa

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Unfortunately, employability is not the same as employment!! Lack of employment is the bane of this government. This is going to be a major issue at the hustings in 2019.
What’s employment got to do with government?

Government’s job is to facilitate industrial growth thru policies and resource availability.

Am I missing something?
 

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Unfortunately, employability is not the same as employment!! Lack of employment is the bane of this government. This is going to be a major issue at the hustings in 2019.
More people are employed than employable ones actually. You are obligated to pay way higher salary to employable people than unemployable ones.
As far as previous government is concerned, manipulating figures by unproductive and insecure temporary jobs by MNREGA isn't going to change reality that we had it less than 6% in their times!
Things have actually improved when it comes to "real jobs".
 

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Kicked off by the Centre, Startup India is now finding echoes across states
The Centre has been a good role model, too. Many of its schemes — like fund of funds — are being replicated by states.
Phanindra Sama, 38, was happy. The founder of redBus sold his startup in 2014, made good money and was busy doing things he always wanted to. Like studying psychology at Stanford University in the US. Learning about sustainable development in Sweden. And growing his philanthropic foundation Kakatiya Sandbox at his village Kakatiya in Telangana.
Last year, Sama got an unexpected offer. The Telangana government wanted him to join as the state’s chief innovation officer. What was he supposed to do? There was no concrete project or measurable goal. The job was to build a culture of innovation. “How do you do that? I knew nothing about working with the government,” he recalls. He hesitated as he was busy mentoring and angel investing. He relented after six long months, won over by the government’s persistence, passion and seriousness.
It has been an exciting year. “We are the youngest state. We want to build an innovation-driven economy,” says Sama. To get started, he leaned on his understanding of Teach for India fellows — youngsters who volunteer as full-time teachers to children from low-income communities — with whom he had interacted at a few gatherings. “You get self-motivated people who come with a mission and then you let them do their job,” he says. He now leads a team of six fellows from diverse background to nurture an innovation-driven culture.

Like Meraj Faheem, a serial entrepreneur, who joined as a fellow to build entrepreneurial capacity. Using his experience and global networks, he organises hackathons and boot camps. For example, he conducts a 13-week boot camp with Venture BaseCamp on product development. “Until last year, we had 50 students. Now we have trebled, with a few international students as well,” says Faheem. His boot camp costs $5,000, as opposed to $30,000 upwards in the West.
The Telangana government is setting up a slew of innovation-focused outfits, including TSIC or Telangana State Innovation Cell, T-Hub, TWorks (Asia’s largest hardware incubator), WE Hub (for women entrepreneur) and T-Catalyst. With 40 incubators, 19 of them funded by the DST (Department of Science and Technology), it is trying to set up both new startup hubs and improve the existing ones. Clubs, on a range of topics from AI to IoT, have been formed. “Besides WhatsApp groups, T-Catalyst organises meets and events to create accidental collision, which is so necessary for an entrepreneurial culture,” says Sama.

And what are the results? It may be a tad early to measure how successful it is but here’s a gauge. Some of the global giants, from Amazon to Uber, have announced setting up their biggest campuses in Hyderabad in recent years. Srinivas Kollipara, founder, T-Hub, says that so far, principal secretaries from 21 states have visited Telangana to learn best practices. He himself is working closely with governments in Maharashtra, Goa, Odisha, Chhattisgarh and Assam. “We should be doing something right,” says Kollipara, a smile lighting up his face.
The buzz around Startup India has waned. To many, it feels like another high-decibel campaign losing steam. Heading into election season, the NDA government is predictably busy and distracted with more urgent matters. But under the radar, away from the headlines and far beyond the reaches of the central government, what is encouraging is that states and cities are evolving their own version of Startup India campaign. Building on the Centre’s thrust, and funding, they are now crafting their own strategies.

An intense race is unfolding. Andhra Pradesh Chief Minister N Chandrababu Naidu is trying hard to replicate IT hub Hyderabad’s success there. Karnataka, ahead of the curve, is trying hard to maintain its lead. Economically developed Maharashtra has set up Maharashtra State Innovation Society. Haryana, once a flourishing BPO and KPO hub, is belatedly waking up. From Kerala and Goa to Chhattisgarh, Odisha and Assam, more and more states are betting big on startups and innovation. Private organisations (incubators and colleges) and individuals (investors and entrepreneurs) are giving a momentum to this wave. “What is most transformative is that besides the Centre’s top/down approach, states, cities and institutions are building a bottoms-up movement, demanding things from us,” says K Vijayaraghavan, principal scientific advisor to the prime minister.
 

Haldiram

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Unfortunately, employability is not the same as employment!! Lack of employment is the bane of this government. This is going to be a major issue at the hustings in 2019.
How can government generate employment? Ohh yeah..like UPA did with MGNREGA. Dig a hole today and then fill it tomorrow. Voila! employment created!

The government is only a facilitator between parties, nothing more. If 100 industrialists go to them and ask for a certain kind of land laws the government facilitates that. If 100 workers go and ask for certain labor laws, they arrange a compromise between the company's interest and the worker's interest. It's the people who generate value and create jobs. The government has nothing of its own, other than coal mines and iron ore mines to dig. How many jobs can be created from there?

Increased productivity comes with increasing privatization, which comes with shorter retirement ages, shorter job tenures, hire-and-fire culture and a general lack of job security. This is not a bug, it's a feature. That's how the economy keeps itself agile by punishing and rewarding people based on how fast they adapt to the needs of the economy. People should not look to the government to create employment or social security (beyond affordable medical care).

The government should lay out a vision document "in the next 25 years, we will need these many engineers, programmers, scientists, skill yourself accordingly if you wish to survive". Those who don't align with national goals should very well starve. If Taxi unions protest against Ola and Uber, they will starve. No one can guarantee employment to everyone.
 

no smoking

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How can government generate employment? Ohh yeah..like UPA did with MGNREGA. Dig a hole today and then fill it tomorrow. Voila! employment created!

Of course government can generate employment by various methods, such as:


1. Tax cut

2. Public project contracts from infrastructure to R&D;

3. Boost social welfare spending;

4. And military building up;


There are only a few examples of all kinds of the measurement being implemented by the governments all over the world, including the most market-oriented country – USA!


The government is only a facilitator between parties, nothing more. If 100 industrialists go to them and ask for a certain kind of land laws the government facilitates that. If 100 workers go and ask for certain labour laws, they arrange a compromise between the company's interest and the worker's interest. It's the people who generate value and create jobs. The government has nothing of its own, other than coal mines and iron ore mines to dig. How many jobs can be created from there?

That is understated role of Government. Government itself is the largest employer in almost every country. For example, in USA, 16.7% of American labour force is working for all levels of government.


Another thing is the government budget is also the largest client of the whole economy.



Increased productivity comes with increasing privatization, which comes with shorter retirement ages, shorter job tenures, hire-and-fire culture and a general lack of job security. This is not a bug, it's a feature. That's how the economy keeps itself agile by punishing and rewarding people based on how fast they adapt to the needs of the economy. People should not look to the government to create employment or social security (beyond affordable medical care).

Your theory only works when economy in growing stage: those newly unemployed can be absorbed quickly by other expanding industrial departments. However, when the economy itself gets into the recession stage, the government can’t leave the unemployment to grow freely because the boosting unemployment group in short period will only push the economy into worse situation and the whole society into the edge of revolution or bankruptcy. So, since 1929, no developed country government has ever followed this theory anymore. Instead, they encourage those developing countries’ government to do this way.


Another fact is that even during the health stage, developed countries gov are also creating employment in their favoured segment of industries by providing subsidies (or under other name) based on their economic plan.


The government should lay out a vision document "in the next 25 years, we will need these many engineers, programmers, scientists, skill yourself accordingly if you wish to survive". Those who don't align with national goals should very well starve.

Firstly, this suggestion itself is against your theory that Government shouldn’t or couldn’t create employment. If they shouldn’t be responsible for employment, in what position they say “We’ll need these engineers”.


Secondly, if you want people to adjust their career plan based on this statement, then certainly government should be hold responsible for people’s loss if their statement didn’t come true. Can people sue the government for their career failure? Certainly not because in reality, government is creating job directly or indirectly. They generally put their own money to where their mouth is. When they pronounce this, there is second half: In order to help getting those extra engineers, we will add extra education funds to schools and universities to open those courses related to the necessary skills. In the meantime, the industries which will absorb these engineers will receive special tax cut or other financial or fiscal encouragement”.
 

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Question is, does sound economic policies and growth at a blistering pace guarantee votes?
Guess 2019 will be the Litmus test for the above
 

Kshatriya87

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Unfortunately, employability is not the same as employment!! Lack of employment is the bane of this government. This is going to be a major issue at the hustings in 2019.
EPFO data begs to differ. Plenty of jobs are being created. Also, the monthly trend suggests that more number of jobs are being created progressively every month.
 

Kshatriya87

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Question is, does sound economic policies and growth at a blistering pace guarantee votes?
Guess 2019 will be the Litmus test for the above
You have to factor in the great brainwashing brigade of Lutyens that have been influencing Indian people's minds since the last 5 years as well.
 

Berkut

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I see "educated" Indians, corporate types, get swayed by the MSM propaganda, it boggles my mind.
Coming back to the topic of the thread, I would like to see the following(which I think would help accelerate the economy)
1. Make contracts standardized and strictly enforced (for e.g. documentation required for buying a house etc.)
2. I would like to see more n more of the "last mile" implementation of the govt's policies
 

HariPrasad-1

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Waste management is going to be a big shot in days to come. I will start posting on this subject in coming time. This is so important that you can not think of a modern country without a robust waste management.
 

Indx TechStyle

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What the hell? This thread had a different concern.
Why was it mixed with Make in India thread.
The previous thread was about making India a high income economy which has been merged in this thread, may be by mistake.
How to make India grow very fast & become rich?
Making India, not make in India!
@Virendra @sayareakd
 

HariPrasad-1

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What the hell? This thread had a different concern.
Why was it mixed with Make in India thread.
The previous thread was about making India a high income economy which has been merged in this thread, may be by mistake.
How to make India grow very fast & become rich?
Making India, not make in India!
@Virendra @sayareakd
Very correct. This thread was made to discuss various techniques and means to make development India faster. This is not make in India. Kindly separate the thread.
@sayreakd.
 

Indx TechStyle

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Very correct. This thread was made to discuss various techniques and means to make development India faster. This is not make in India. Kindly separate the thread.
@sayreakd.
It's not easy to unmerge threads.
I will put link of your first post of that thread and create a similar one.
 

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