Only 10% Of India’s 1.5 Million Engineering Graduates To Secure Jobs This Year

Engineering has long been a cornerstone of India’s development, emerging as one of the most preferred career choices, shaping the nation’s innovation, infrastructure, and progress. As we celebrate National Engineering Day, honoring the critical contributions of engineers in driving the country’s growth, India proudly stands as a leader in producing engineering talent, with nearly 1.5 million engineers graduating annually. However, despite this impressive output, the employability of our engineering graduates remains a significant challenge. Central to the theme of 'Creating Solutions for a Sustainable World,' the growing skills gap among engineering graduates emphasises the need for a more comprehensive approach to workforce readiness. TeamLease Degree Apprenticeship has been at the forefront of addressing this issue by integrating practical, hands-on training with academic knowledge to better align engineering talent with industry demands. As we work toward a sustainable future, addressing the employability challenges faced by young engineers is crucial.

Recent statistics indicate that employability among engineering graduates stands over 60 per cent, with only 45 per cent meeting industry standards. Furthermore, a mere 10 per cent of the 1.5 million engineers expected to graduate this fiscal year are anticipated to secure employment. These statistics highlight a significant disparity in the preparedness of engineering graduates to fulfill industry demands. The diminishing rate of placements can be attributed to the evolving job landscape propelled by rapid technological advancements, emphasising the pressing need for a stronger focus on enhancing employability through skill development.

Furthermore, NASSCOM has projected that India’s technology sector will require over 1 million engineers with advanced skills in Artificial Intelligence and other cutting-edge technologies within the next 2-3 years. Additionally, the demand-supply gap for digital talent is poised to widen from the current 25 per cent to almost 30 per cent by 2028. The escalating demand, fueled by the rise of AI, Electric Vehicles (EVs), semiconductors, and the growing electronics industry, underscores a critical challenge regarding the employability of engineering graduates. As industries increasingly seek expertise in domains such as cybersecurity, IT, robotics, and data science, it is evident that conventional academic education alone is inadequate. To address this skills gap, essential measures involve the amalgamation of technical education with hands-on vocational training. The National Education Policy (NEP) recognises this necessity and advocates for experiential learning models and apprenticeships that blend theoretical knowledge with real-world application.

Sharing insights on building skills and the critical need to enhance the employability of engineering youth, A.R. Ramesh, CEO of TeamLease Degree Apprenticeship, emphasised the widening gap between academic excellence and industry needs, particularly in emerging fields like semiconductors, AI, and automation. To bridge this widening gap, apprenticeships and internships have emerged as indispensable pathways, effectively integrating academic learning with practical experience. Innovative solutions like the Managed Training Services (MTS) program offer an efficient alternative to conventional induction programs, significantly enhancing job readiness through intensive, industry-focused training. By equipping engineers with technical expertise and critical 21st-century skills, our MTS programs facilitate their seamless assimilation into the workforce”. He further shared his insights that “There is the necessity for stronger academia-industry collaborations and continually aligning curricula with global market demands to enhance the employability and industry-readiness of engineering graduates.”