There was a great demand for engineering graduates a decade ago where most of the reputed companies used to recruit a large number of students from the prestigious institutes of higher education, as the requirement at that time was pretty high. However, in the current scenario, the employability rate of an engineering graduate has declined. Mr. Deepak Parekh, Chairperson of HDFC Bank had a similar opinion on this.
Sharing his thoughts at the Indian Institute of Technology, Madras (IIT-M) regarding the employability chances of engineering graduates, he said that four-fifth of engineering graduates out of the 1.5 million who are graduating every year, find it difficult to secure a job. The employability chances for them, are close to limited.
Citing reasons for limited employability chances of engineering graduates, he indicated that most of the technical institutes in India have been failing miserably in inculcating requisite skills among the students. A majority of students who complete their studies in the field of engineering do not have enough skills that can help them secure a job.
Explaining ways to overcome the current scenario, Mr. Deepak mentioned that teachers will have to come forward and take part in training activities to better equip students and further make them industry-fit and industry-ready. The teaching process should have a combination of classroom teaching as well as practical teaching wherein teachers can act as catalysts to maintain a balance between the two aspects.
Mr. Deepak emphasized on the fact that the world has been witnessing tremendous changes in the field of technology and it is important for the faculty and teaching staff to update their style of teaching and training keeping in view these changes.
Concluding his speech, Mr. Deepak said that since there are over 3,300 technical institutes in India, it will bring in a significant change if these institutes develop skills among students in an effective way. This will further lead to India achieving higher ranks globally.