GovernmentIn 2002, India claimed to produce 350,000 engineers per year. But this included “diploma engineers” who were not true engineers at all. India actually had only 102,000 real engineering graduates in 2002. This went up to 222,000 in 2006 and may be double that in 2011. India does have some excellent engineering schools, but McKinsey estimates that only 25% of Indian engineering graduates are good enough to work for multinationals (and only 15% of finance graduates and 10% of those with degrees of any kind).
Yet in 2007, India’s five largest IT services companies added 120,000 engineering jobs, and IBM and Accenture added another 14,000. Pharma R&D companies boomed. And foreign car companies made India an export and R&D hub to capitalize on its engineering skills.
The software industry complains of a high attrition rate — up to 30% employees leave every year. But this means that companies end up training people not just for themselves but for the whole industry. That is one more secret of India’s success.
5 Comments
oh! really, but how many of the engineers that india produce really are engineers IS A QUESTION WHICH NEEDS TO BE ANSWERED IN ONE GO?
Is That so??!! If it is true then why there are so many jobless graduate engineers who are even preparing for the Bank Clerical Cadre?????????!!!!!!!!!!!!!!!!
sab engineer ki field mai hi ja rahe hai kya
sab engineering ki field me ish liye jaa rahe hai kuki kahi samman kam na ho jaye bhale hi engineer ban ke jadu pocha karna pade wo manjoor hai
If India really wants to get developed,then why is it just giving more attention towards engineering if they even can’t feed them jobs the engineering students are working so hard for.It is great that we have competition but what are we really fighting for!!??