Employability of graduates jumps to 47% in 2019 from 33% in 2014: Survey

MUMBAI: In some good news to the millions of graduates and also to the education system in the country as a whole, where for many years as much as 70 percent of the professional degree holders were found to be unemployable, a survey has found that nearly half of the fresh pass-outs are employable now.

The survey, however, does not speak about the jobs scenario given the shape of the economy due to the high capacity underutilization prevalent in across most industry segments for many years now.

According to the India Skills Report by Wheebox, People Strong and CII, there is an overall positive trend in talent supply as over 46 percent of the students surveyed are found to be employable or ready to take-up jobs in 2019 against only 33 percent in 2014.

“There is an improvement in the availability of employable talent at around 47 percent in 2019 up from 33.9 percent in 2014,” Wheebox founder and chief executive Nirmal Singh said.

The most employable candidates are MBA passouts with 54 percent of the being found employable against 40 percent in two years ago, it said, adding BPharma, polytechnic, BCom and BA graduates have also seen an improvement in their employability which has increased by over 15 percent.

However, there has been a decline in the employability those coming out with BTech, other engineering streams, MCA, technical and computer-related courses, says the survey. (AGENCIES)