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There have been reports that nearly three-fourths of the millions of engineers and B-school graduates are simply not employable at all, speaking volumes about the quality of both the academics as well as the admission process in the country's education systems.
Global tech major IBM chief Virginia "Ginni" Rometty has said Indians lack the required skillsets even as new-age jobs galore, and exhorted all to look at education beyond obtaining/giving away degrees.
The $180-billion domestic software industry directly employs over 4 million.
In remarks that come amid similar concerns voiced by other tech leaders domestically, Rometty, the chairman, president and chief executive of IBM, said this is a global problem and not just limited to Indian shores.
“In India, you have the same issues. Open jobs, (but) no matching skillsets," she said, speaking at a company conference in Mumbai on Wednesday.
“You have got to believe in a few different things than I think you believed in the past.
“One is to believe that skills are perhaps more important than a degree," Rometty said, amid reports of huge unemployment among qualified engineers who when employed at the entry level are paid much lower than those semi-skilled with experience.
There have been reports that nearly three-fourths of the millions of engineers and B-school graduates are simply not employable at all, speaking volumes about the quality of both the academics as well as the admission process in the country's education systems.
According to private economic think tank CMIE data, as of February, there were as many as 31.2 million youth actively looking for jobs.
This is in a country where over 60 per cent of the 1.35 billion population are under 35.
"It can be that you can have folks with less than a university degree, but participate well in this industry," Rometty said.
Contrary to perceptions of jobs being in short supply, she said there are jobs aplenty and an equivalent number of people looking for them, but the skillsets are not matching, which is the real problem.
She said businesses and governments have to work together to solve the issue at hand, underlining that "we cannot have a world of the haves and the have-nots in this new world where certain people know how to work in the new technology-led era and the vast majority of others do not."
Posing a question on whether tech will kill jobs, she said the nature of jobs will undergo a change and also spoke about her company's social sector projects, especially those aimed at educating women.
Two years ago, the head of a leading European tech player had alluded to similar concerns as Rometty.
He had said over 65 per cent of the Indian IT staff is "just not re-trainable", and had taken potshots at the Indian education system and also blamed the tech companies for not doing enough.
"For some unknown reasons, we call it a knowledge-driven industry.
“If you have that kind of talent, and then making them learn the existing technology itself is such a huge challenge," he had said.