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With a manpower of over one billion, it is ironic that India suffers from dearth of talent and skill to fulfill the present day need of industry and as a result it is a serious challenge to mitigate shortages of skills required by in industry sector. Study reveals that of the 6 lakhs engineers that graduate annually, only 18% are employable for the software engineer-IT services role, while just 4% are appropriately trained to be directly deployed on projects. For core jobs in mechanical, electronics/electrical and civil engineering profession, only a mere 7.5% to 8% are employable.
Education is a concurrent subject under the purview of the Central Government as well as the State Government. In addition, statutory bodies like All India Council of Technical Education (AICTE) and the University Grants Commission (UGC) have their empowerment by the Acts of Parliament to regulate higher education.
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