Just an engineering degree is not enough to guarantee employment
A 2019 NASSCOM survey revealed that only 2.5Lac out of the 15Lac engineering graduates India makes yearly are successful in getting employment in the core engineering industry. The survey by Aspiring Minds in 2019 showed that almost 80% of Indian engineers remain unemployed. This can be owed to the fact that a lot of graduates do not have the required skill set, practical knowledge, and industry exposure to be working in the industry after graduation. Policymakers and educationists need to employ innovative methods into the teaching of the course which will allow students to improve their technical skill and competence, like increasing opportunities for industry exposure and participation in live projects. With an industry-oriented approach, practical learning can further help equip an aspiring engineer with the relevant skills through industrial visits, projects, internship programmes, etc. Read more.
National one-day webinar by NIRDPR to improve education, skill development and employment for youth
A one-day national webinar was organised by the National Institute of Rural Development and Panchayati Raj or the NIRDPR from the North-Eastern Regional Centre, Guwahati. The topic of this webinar was education, skill development and employment of youth and it was conducted to commemorate the Azadi Ka Amrut Mahotsav celebration with the aim to appraise education, employment, and skill development for today’s Indian youth, discuss challenges about training and job opportunities, and put forth suggestions for transitioning into the world of work. Inaugurated by the Chairman of the National Council for Vocational Education and Training, Dr Nirmaljeet Singh Kalsi, this webinar emphasized on the importance of recognizing ways to create employment and sustainable livelihood. Read more.
A different approach to skilling for a changing technological workplace
Traditional systems of employment are redundant now due how technology has drastically changed the way people live, work, and communicate, which makes it necessary for people to be constantly skilled and re-skilled on a global level. The mismatch between the demand and supply for the skills needed by employers and those obtained by students is the main reason for the current state of employment in India. But with the rapid changes in workplace trends due to changing technology and digitisation, policymakers are concerned about candidates’ market relevance despite constant reskilling. The National Education Policy (NEP) of 2020 can potentially mend the education sector, but there needs to be careful implementation of the promotion of high production cycle, increased income, more job opportunities, and overall development. Read more.
How India can prepare itself to become a $313 billion Education & Skills Market by 2030
An Aspire Circle report, Investing for Impact: Education, Skills &EdTech, revealed that the online education sector in India is soon going to become a $313B market. This will require about 18 million Indians to change occupations by the year 2030 with even further upskilling and reskilling, stated another report published in February 2021. As a way forward to develop and build the human capital according to the needs of the 21st Century job market and education, the Aspire Circle report has set out 10 investment ideas that are disruptive in the way that they can transform how Indians receive education and post-education training and skilling. These 10 ideas include: technology-enabled K-12 education; online test preparation platforms-led inclusion and affordability; supplemental & extra-curricular education; teacher training and development; affordable education loan platforms; gig economy and unbundled micro-tasking; affordable student housing; innovative finance in education & skilling; micro and alternative credentials for employability skills and social and emotional learning. Read more.