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The India Skills Report 2014

As per recent studies the severity of the situation can be estimated that only 10% of MBA graduates of the country are employable and same is true for the engineering graduates where this number is as low as 17%. This scarcity of skilled talent makes it impossible for the Talent Supply Chain to operate effectively and is an issue which if not taken care of immediately will become uncontrollable.

India Skill Report 2014, a joint initiative by CII with PeopleStrong and Wheebox, is a determined step in this direction. Reaching about 100000 students across 28 states and 7 union territories from the supply side and corporate players from 10 diverse industry sectors, this first of its kind report aims to provide an insight into the hiring trends of the market while understanding the needs of the job seeker and organizations.

Less than 20 per cent of the estimated six lakh engineering students, who graduate every year, are "employable" for software jobs, claims a survey. According to the Aspiring Minds' National Employability Report for Engineering Graduates, only 18.43 per cent of engineers that graduate are employable for software jobs. Corporates generally look for candidates who have their basic skills in order and do not require much training upon being hired. Hence, candidates with lower quality of skills in comparison to basic job requirements are left out in the entire process, Aggarwal added

Aspiring Minds has conducted India’s first employability study of technical graduates based on the results of a standardized computer-based test called AMCAT conducted for more than 40,000 engineering and MCA students (in final year) across the country.

The current study has found that employability with regard to IT product companies is as low as 4.22 % (amongst computer/electronics related branches), whereas employability with regard to IT services companies is 17.84% (wherein the company gives 3-6 months of in-house training) which is lower than the advertised figure of 25%.

The gap in skills for students in Top 100 vs. other campuses is not only in Computer Programming, but equally in English and Logical Ability. The gap in Quantitative Ability is the highest.

A significant proportion of graduates, nearly 47 per cent, were found not employable in any sector, given their insufficient English language and cognitive skills.

For an analyst role, close to 84 per cent of graduates were found to lack the right levels in cognitive ability, the report said. A significant majority 90 per cent graduates of those surveyed did not have required proficiency in English communication