Let us take a look a different News articles to gain an Insight on the education/jobs sector. What is our current state, what are the current trends and challenges in the sector?

Five news articles are :-

1. India govt is planning to get into 5 more MOUs to increase the number of world class institutes in India. These would be signed with UK’s higher education entities like Imperial College, which is helping to set up IIT a Ropar.
2. Indian banking system may increasingly face the problem of staff – attrition. Banks would need to tackle the issue well. As per McKinsey’s Associate Partner, Supriyo Sinha said that nearly 63,000 employees of public-sector banks will retire from the service over the next three years.
3. DTU’s Delhi School of Management (DSM) offers three specializations — information and knowledge management, information technology management and supply chain management. It says that the after MBA jobs are constantly drawing away engineers from their core fields. Thus the core-engineering sector is facing a manpower deficit.
4. Nearly 40,000 Indians are missing in Malaysia, their visas had expired but the government doesnt have any track record for them there after. Majority of these people are from Tamil Nadu. They want genuine ones to come to their country. They also told that they have been liberal to allow priests, barbers from India to work in their country.
5. An engineering student, Paul D’ Souza had a tough time in college. But was always interested in making technology available to others. He has invented a multi-line refreshable Braille display, that would be very useful for the visually challenged people to read online matter.

Our View: India as a country is progressing towards its  aim to achieve 10% growth rate in GDP. To achieve this target on a sustainable basis it has to keep a close eye on the education, skill development and job creation and fulfillment of such jobs with the right candidates. Apart from highly skilled jobs like that of engineers and MBA we might have to be prepared to create jobs in the lower skilled sector as well and once these jobs are created we should back them up with sufficient skilled manpower. Thus we should work to create better vocational trainings and increase its reach to rural India as well. If you see [4] people are still going out of India to find the right opportunity and are helping the other economy to grow but these can be utilized in India it would be good impetus to the GDP.

Another important thing is we are planning to set up the center for foreign university in India [1],  but we should also be worried about the pace at which such changes will actually happen. They should keep in mind the rate at which Industry demands the talent pool [2].  As it is being said in [3] when movement of manpower happens in one sector/direction (like the present case of movement of majority of engineering graduate from their core fields to IT), it limits the capability of the industry to perform. Such movements happen due to promotion and greater benefits of one sector as compared to the other. It can be due to the policy issues or due to the real market situation, when one sector has more opportunity due to the market condition. Like for IT and BPOs it was the dynamics at the global level which created this gap and hence a run for software and BPOs in India.

Creation of opportunity for other sectors can happen through innovation [5] and this would again lead to creation of jobs and attract manpower to those sectors. Once this happens, it would again come to creation of Skilled Manpower to support the industry.