The Department of Economic and Social Affairs, United Nations in its World Population Prospects 2019, claimed that India will overtake China as the world’s most populous country around 2027.And this has intrigued the critics across the world to consider this factor as a weakness of India.
However, the good news is, India is still on high spirits knowing the fact that it comprises one of the youngest populations in an aging world, and by 2022 the country’s median age will be just 28 as compared with 37 in China and the US. Nevertheless, this also brings into limelight the need for skill development training among the youth of the country.
What is Skill Training?
Education makes an important part of a human being’s life which later helps them to survive in the world through the knowledge and wisdom gained in school, college and University. But to excel in the professional world, one has to be equipped with ample practical and technical knowledge which can be only earned through proper skill training.
“India has 600 million young people – and they’re set to change our world”
Why technical skills are important?
Among all the skills, technical skills are the need of the hour which should be embraced by fresh graduates, keeping in consideration India’s maximum youth population and their parents are inclined towards STEM-related career coupled with the noticeable impact of technological advancements on jobs.
- In a situation where half the population of the country is under the age of 27 and 1.3 million young people every month reaches employment age, the current job market is not very favorable for fresh graduates who don’t hold the necessary skills.
- In the National Employability Report for Engineers, 2019, published by Aspiring Minds, it came out that over 80% of Indian engineers are unemployable for any job in the knowledge economy and only 3% engineers possess new-age skills.
- In the latest Congress manifesto, unemployment has been referred to as India’s “gravest challenge”.
- Naukri, in one of its recent reports– top 15 highest paying jobs in India for freshers, has put Full Stack Developer & Software Developer, Data Scientist and Salesforce Engineer in the top 3 spots confirming the importance of technical skills.
- Ernst & Young and Nasscom in its report-‘Future of Jobs in India – A 2022 Perspective’ projected that most of the tech jobs will be in the field of Big Data and cloud, Social and mobile technologies, Robotics/Automation, Internet of Things and Machine Learning/Artificial Intelligence comprising sectors like banking, insurance, retail, apparel ,etc.
“The future of work won’t be about degrees. It’ll be more and more about skills.”
Take the call now to get skilled
The 21st century fresh graduates cannot afford to sit back and wait for a desirable job to knock on their door. This is the time, where they are expected to act and groom themselves up to experience a smooth campus to corporate transition and stand out from the crowd.
- Internships sustain great value in the eyes and preferences of the employers today and the students understand it quite well. Reportedly, in 2018, India received 80% (2.2 million applications) more internship applications compared to 2017’s 1.27 million applications.
- According to the Internshala-online training and internship platform, almost half (48%) of the internships posted on its website came with pre-placement offers.
- As per co-founder of Vyre.co, Sudev Das – the essential section of IT graduates pursuing an education in tier 1 colleges get hired instantly, by the biggest companies or larger startups. However, in tier 2, 3 and 4 colleges primarily where students have a good attitude but not necessarily engineering knowledge or experience the bulk-hiring happens.
- The joint study conducted by Cisco and the International Data Corporation claimed that there will be more than 1.4 million new IT jobs available in India by 2027, indicating the upcoming workforce to focus on getting imbibed with ample skills.
- NASSCOM highlighted that 1.4 lakh jobs are vacant in the Artificial Intelligence (AI) and Big Data Analytics segment as of 2018 due to lack of skilled graduates.
Skilling is not a choice anymore; it has become mandatory for fresh graduates who aspire to thrive in their careers. And considering the huge openings in the IT sector, it will be safe to say that fresh graduates should give a thought on engaging in IT Courses before embarking on their job hunt journey. A right training which can be customized and personalized according to the need of a graduate or ongoing student can put a noticeable impact on their resume and the career in the long run.