Every parent’s dream is for their children is to be happy, healthy and have a successful job. The last one can get a little tricky, however, as what is deemed “successful” is often associated with a career in the medical field, a lawyer or an engineer. It is understandable why these career paths would be the most coveted – people are always going to need healthcare professionals, and lawyers, while engineers are also always in demand with the security of substantial salary. But what if one of those assumptions was not true, at least in a one.
India is currently facing a type of crisis with their job market. Certain social pressures push students to pursue degrees in engineering, however, the job market is not growing and developing fast enough to accommodate these graduates.
According to data from AICTE, the regulator for technical education in India, in 2006-07 there were 1,511 engineering colleges across India, graduating over 550,000 students in the field. Powered by growth and funding, an influx of new colleges has sprung up since then, doubling the number of colleges and graduates. This means twice as many graduates are entering the market but they are unable to be placed anywhere.
An assessment test by NASSCOM revealed that 75% of the technical graduates and more than 85% of the general graduates are unemployable by India’s high-growth global industries, including information technology and call centers.
This is very concerning considering a majority of these recent engineering grads probably chose that career due to family pressures. These pressures come from a modest place, parents only want what is good for their children and with so many colleges and universities specializing in this industry, it makes sense to rear your children in this seemingly “flourishing” market.
It does all come down to if the market can receive this wave of recent graduates. It is important to remember that students should not choose a occupation because job opportunities are high. Markets can be fickle and it is important to research thoroughly the desired branch and how it responds with the predicted influxes in the field. – Source : Internet and open Source