"Unemployability, not Unemployment, a crisis in India"

Though, India’s growing economy has created new job opportunities in many sectors and fresh graduates are required in almost all the fields including, retail, banking, finance, investment, travel, real estate besides IT and BPO, the real need is to develop the skill sets of these students and make them employable. "Un-employability is a bigger problem than unemployment".The report prepared by one of India’s largest staffing company, TeamLease Services, adds, "57 per cent of India’s youth suffer some degree of unemployability."  Noting that the present education system needs to be improved, the report says, "90 per cent of employment opportunities require vocational skills but 90 per cent of our college/school output has bookish knowledge."

The report also points out that 300 million youth will enter the labour force by 2025 and 25 per cent of the world’s workers in the next four years will be Indians."The skill deficit hurts more than the infrastructure deficit because it sabotages equality of opportunity and amplifies inequality while poor infrastructure maintains inequality (it hits rich and poor equally)," it adds. Corporate are not only looking for degrees but also for the skills which can make the resource billable from day one at the organization. They look for candidates who have got great communication and presentation skills besides basic domain knowledge. A degree or diploma gives students theoretical knowledge but does not make them ready to face the corporate world.