Bangalore: Starting salaries for engineering graduates in India’s $108 billion information technology sector may remain stagnant over the next 3-5 years, and even drop for freshers from less well-known colleges, with many IT firms curbing costs amid tighter spending from their top clients.
LUCKNOW: Alok Chaurasia has a degree in electronics and communication engineering. The job that he is desperately waiting for these days is that of a peon.
He is among the lakhs of candidates who have applied to become peons with the Uttar Pradesh government.
“There are no jobs anywhere. The moment I saw the ad for the peon’s job, I applied. Any work is better than nothing,” Alok says. Hundreds of young men had the same idea.
Technical education regulatory body – All India Council of Technical Education (AICTE) may reduce engineering seats in India by 6 lakh over the next few years. As many as 556 engineering courses or departments have already witnessed a closure in 2015 only, as per AICTE data. Sharing his thoughts with a business daily, AICTE Chairman Prof. Anil Sahasrabudhe, said, “We would like to bring it (number of seats) down to between 10 lakh and 11 lakh (one million and 1.1 million) from a little over 16.7 lakh now.
Bangalore: For Rajeev, a 23-year-old engineering student from Varanasi in Uttar Pradesh, planning for a career in India’s $108 billion (around Rs.6.3 trillion) software industry began when he was a teenager.
Somewhere between a fifth to a third of the million students graduating out of India’s engineering colleges run the risk of being unemployed. Others will take jobs well below their technical qualifications in a market where there are few jobs for India’s overflowing technical talent pool. Beset by a flood of institutes (offering a varying degree of education) and a shrinking market for their skills, India’s engineers are struggling to subsist in an extremely challenging market.
According to multiple estimates,