Worthless Degrees And Jobless Graduates

Worthless Degrees And Jobless Graduates
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Jobless graduates are on the rise in India. Nearly 31 million Indians are jobless.

Unemployment Rates 2015-16 (per 1000)[1]
Rank State Total Urban Rural
1 Tripura 197 172 203
2 Sikkim 181 168 184
3 Kerala 125 126 125
4 Himachal Pradesh 106 23 117
5 Goa 96 58 150
6 Arunachal Pradesh 89 52 93
7 Nagaland 85 141 69
8 Jharkhand 77 94 73
9 Uttar Pradesh 74 67 76
10 Jammu and Kashmir 72 36 83
11 Rajasthan 71 43 77
12 Uttarakhand 70 32 81
13 Assam 61 101 55
14 Punjab 60 62 59
14 Bihar 60 74 59
16 Manipur 57 70 49
17 Odisha 50 47 51
India 50 49 51
18 West Bengal 49 56 47
19 Meghalaya 48 134 28
20 Haryana 47 57 43
21 Madhya Pradesh 43 40 44
22 Tamil Nadu 42 36 45
23 Andhra Pradesh 39 44 38
24 Mizoram 30 49 15
25 Telangana 28 62 13
26 Maharashtra 21 23 20
27 Chhattisgarh 19 68 11
28 Karnataka 15 19 13
29 Gujarat 9 7 10

The total population in India was estimated at 1299.0 million people in 2016. Looking back, in the year of 1950, India had a population of 359.0 million people.

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Worthless Degrees And Jobless Graduates 

After spending almost ₹4 lakh on the B.Tech course students are sitting jobless. After finishing the course the college gives no  guarantee of placements. Engineers are preparing for the bank probationary officers’ exam.  In India qualified engineer is working in a non-technical field.

Colleges don’t even provide proper internship in any corporate, making the candidates absolutely incompetent.

Artificial Intelligence effect: 5 years from now, 54 million Indians will hold jobs unheard. So what will be the prospect of these graduates in future ?

150,000 engineering students graduated in 2013

97 per cent of graduating engineers want jobs either in software engineering or core engineering
Only 3 per cent have suitable skills to be employed in software.
Only 7 per cent could handle core engineering tasks.

Difficulty In Providing Employment  To Educated Youth 

Better educated manpower aspires for occupations of greater prestige.

Manufacturing and services sectors in India-IT/ITeS, retail, financial services, textile & apparel and auto can create the bulk of jobs.

A key finding was that 9% of India’s 600 million estimated workforce would be deployed in new jobs that do not exist today, while 37% would be in jobs that have radically changed skill sets.

Furthermore, the process of economic development tends to be more capital intensive under modern technological conditions.

Because of its capital intensive nature, the ability, of the new economy for employment generation becomes restricted.

Thus, it has less potential of employment generation. There is thus wastage of even developed human capital.

Reduced Per Capita Income 

The increase in gross national product (GNP) is greatly reduced in per capita terms on account of the rapidly growing population. In the face of a rapidly growing population, the major concern of a developing country is unequal distribution of income .

So inequalities within the country tend to widen further.