Only 25% Indian grads good enough for MNCs

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New Delhi, Sept 10: According to a survey by Mckinsey Global Institute, just 10% of the Indian students in arts and humanities and 25% in the engineering stream are employable by MNCs (multi-national companies).

The proportion of suitable engineers in central Europe is twice as high. Overall, only 10-25% of the total graduate population is employable. The looming shortage of talent can be a roadblock for the Indian IT-ITeS (infotech and infotech enable services) industry which will account for 7% of GDP (gross domestic product) of India and employ about 15 lakh people by 2007-08. According to the report, India’s vast supply of graduates is smaller than it seems once their employability by MNCs is taken into consideration. Why is the level of suitability so low?

The answer is that the quality of universities varies a great deal.

While the IITs and IIMs produce world class professionals, quality of students from other universities is not of that level.