Need to enhance Employability Skills of New Graduates in India!
Worldwide talent shortages are most acute in the Asia Paciﬁc region including India. India stands third in the index with close to 61% diﬃculty in ﬁlling jobs. The global average is around 35%. Various surveys in the recent years have revealed that not more than 30% of the young generation getting ready to join the workforce has Employability skills that the Industry is looking for.
There’s a huge gap in the curriculum and teaching Methodology followed by majority of the Educational Institutions offering professional courses and what actually is required by the Employers. A report on Higher Education in India – Vision 2030, by Ernst and Young for the Federation of Indian Chambers of Commerce and Industry mentions the skill gap in different sectors as 75% in IT; 55 % in manufacturing, 65% in healthcare and 50% in Banking and Insurance