Only 1 lakh out of 15 lakh engineers that India produces every year are employable
-Dr. Sunil Jajit
Getting a first class or distinction has become easy without having a fundamental knowledge of engineering. Its high time parents rethink about forcing children to pursue engineering degrees.
The USA produces around 1 lakh engineers per year for a $16 trillion economy, while India produces 15 lakh engineers for a $2 trillion economy.
In the past, the mass recruiting sector was manufacturing. It used to recruit from the core branches like Electrical, Mechanical, Civil etc. But, manufacturing is relatively stagnant at 17% of the GDP. So the core branch placements have become very difficult.
The more recent mass recruiter was the IT sector. It grew from scratch to almost 5% of the GDP in a short time. IT employed millions of engineers. Now, IT is also saturating. Only good, skilled IT Engineers are in demand.
If you look at the sectoral composition of the Indian economy, most of the sectors do not need engineers. Financial sector, trade, engineers. Being 10% of the hotels and restaurants do not GDP, tourism does not require engineers. The requirement of engineers in health, education, and agriculture are also negligible. More than 50% of the GDP has no role for engineers. Still, Indian youth aspire to become engineers.
Demand is low while the supply is high. Over and above this, the skill level of an average engineer is poor, almost its non-existent in many cases. If we leave aside the top 100–200 colleges, most fresh engineers have no idea of what they studied. Ask a fresh mechanical engineer, can s/he design a simple frame?
Today, the situation is that most engineers are working in a field that has no connection to what they have studied in the college. This is a waste of resources.
An engineering degree does not come cheap. It costs about 10-15 lakhs. For poor parents, it’s a huge burden. For the nation, you can calculate the loss. Leave around 1 lakh engineers that NASSCOM says are employable. The rest 14 lakhs have each wasted 10 lakhs of fees. That totals to around $20 billion. Almost equal to the Government’s spending on healthcare. Over this, there is a loss of human capital.
India needs to replay the whole engineering education system. The government needs to cut down on the number of colleges and improve the quality in the rest.
When it comes to education, a multitude of options is available today. From aviation, to hotel management, short-term programs to big movie production courses, data science, cyber security, information security, cloud technology designing, Indian armed forces, animation and VFX, digital marketing, filmmaking, technology courses like SQL, PHP, Big Data, C, C++, etc. and much more!
For a majority of courses like these, there are entrance exams too, such as the NATA, CEED, NID entrance, NIFT entrance, NDA entrance, MBA Entrance, Hotel Management entrance, CET, NEET and many more! Here, the right training goes a long way in getting your child admission to their dream institute