India's employment gap.
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Train then Hire.
By the time we reach 2020 , we will be the youngest nation there is in the world , with 60% of our population within the age bracket of 35, yet our economic trends display signs of still being a developing country .
After 70 years of independence, with immense efforts toward developing an educated nation we are able to produce 50 lakh graduates every single year. Only 50% of them are employed. What about the rest?
Students take educational loans to complete graduation in the hope to pay back with there jobs . However out of the 15-20 lakh engineers graduated every year only 20% are able you get jobs. The fees to these courses are around 5-6 lakh and the Job pay is around ₹10000 per month. The conditions of B-Schools is lot more deteriorating, apart from the top 20 B-Schools, the rest are able to produce employable graduates only at mere low 7% .
The purpose of higher education is to enable individuals to raise their standard of living but with the kind of education imparted we are only adding to their troubles .
It should be made a mandate that all companies with a turnover. (a) net worth of the company to be Rs 500 crore or more; (b) turnover of the company to be Rs 1000 crore or more; (c) net profit of the company to be Rs 5 crore or more, are required to provide a vocational training to students.These organisations will be able to train the students into what is expected from them as furture employees.There are currently an approx of 4424 companies in the above mentioned category. If each company trains at the least 10 students, 44240 employable graduates.
Also educational institutions on their part make it compulsory for students to be a part of atleast 1 internship per semester. Just making things complusory won't help , institutions will have to reach out to organisations , startups who could train their students .In process we will be able to bridge the gap between classroom and boardroom.
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