Alarm bells for engineer, MBA students: AICTE chief says jobs are drying in IT, BPO sectors

After years of mass recruitment, the Indian job sector may now never see big recruitment sectors like IT and BPO. "Days for big recruitment sectors like IT and BPO industry are over and there would be no mass hiring industries in India in the near future," said All India Council for Technical Education (AICTE) Chairman Anil Sahasrabudhe.Large scale industries are stagnating and if he is to be believed, small scale industries, medium enterprises, startups and individual entrepreneurs will emerge as big job providers. What's worrying for India is that bellwether sectors like IT and BPO are registering a steep decline in job offers. According to a recent survey, IT sector registered a 32 per cent decline in job offers followed by BPO sector at 30 per cent. In an interview to TV news channel, Sahasrabudhe said jobs will now be generated outside the main sectors, like in ancillary sectors, and startups will also provide large number of jobs. AICTE Chairman also sound alarm bells for the pharma sector. He said the recent surge in the pharma education is just a bubble and it may burst in the next two years like MBA and B-tech courses. "Since almost all the seats in pharma were getting filled, people thought that there is a big demand in that sector and therefore they applied for more colleges this year. However, this will also have the same fate as management and engineering in the next one or two years," he said. In 2016-17, more than half of MBA graduates could not get hired in campus placements, as per AICTE data. Further, last year, a study by employability assessment company Aspiring Minds claimed that 95 per cent of engineers in the country were not fit for jobs. Industry veterans have also warned about unskilled Indian youth. Recently, CP Gurnani, CEO & MD of Tech Mahindra said that 94 per cent of engineering graduated were not fit for hiring, while chairman of Manipal Global Education, TV Mohandas Pai claimed that the country has 10 crore people in the 21-35 age-group with bad skills, unsuited for the economy. 64275753 61794456 60083290 64446292 64630265

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