press trust of india
NEW DELHI, 24 JUNE: India churns out tens of thousands of graduates each year but less than half of them are “employable” or possess the basic skills necessary for any industry role, says a report. According to a report by Aspiring Minds, an employability solutions company, around 47 per cent graduates In India are unemployable for any job.
The report, which is claimed to be the first ever national audit of employability of three-year Bachelor’s degree graduates, drew inferences from data of over 60,000 graduates panIndia, based on Aspiring Minds Computer Adaptive Test (AMCAT).
“The alarming statistics of nearly half of the country’s graduates not being employable in the knowledge economy needs great attention with interventions at both the school and higher education levels,” Aspiring Minds co-founder and CTO Varun Aggarwal said.
The employability of graduates varies from 2.59 per cent in functional roles such as accounting, to 15.88 per cent in sales related roles and 21.37 per cent for roles in the business process outsourcing (BPO/ITeS) sector.
A significant proportion of graduates, nearly 47 per cent, were found not employable in any sector, given their insufficient English language and cognitive skills.
The report noted that since a graduation degree is considered a pathway to a job in the knowledge economy, substantive intervention at school and college level is needed to improve basic skills of students.
Moreover, a renewed focus on vocational training is timely now and should be re-emphasised.