The $117 billion Indian education market is still expanding quickly, and new colleges are opening up at a high rate as well. However, despite this, hundreds of young Indians with little to no experience are obtaining graduate degrees. The economy is suffering from this circumstance at a crucial juncture in its growth.
The young people are spending money on two to three degrees in the drive to get a job.
In their desperation to succeed, some young people in India may even pay for two or three degrees in the hopes of landing a job. They are drawn to colleges housed in compact housing complexes or in markets' retail establishments. Billboards advertising institutions that advertise job postings line the roadways.
India's conflicted educational situation
It seems to contradict itself. On the one hand, elite IT and management schools in India have turned forth corporate titans like Satya Nadella of Microsoft and Sundar Pichai, CEO of Alphabet. On the other side, according to more than two dozen students and experts, there are thousands of smaller private colleges that don't offer regular classes, hire underqualified instructors, use out-of-date curricula, and offer no real-world experience or job placement. Not at all.
increasing trend of weighing the benefits and costs of a degree
Students from all over the world are now more frequently taking into account the price of a degree and its benefits. A contentious discussion about higher education has begun worldwide, especially in America. Also under government inspection have been numerous for-profit organisations. However, the complexity of the Indian education system is rising quickly.
Due to shortcomings in the educational system, about half of the nation's graduates are unemployed.
India is among the nations with the largest populations in the world, according to some estimations. Here, more than in any other nation, the government frequently places a higher priority on youth. In India, the school system's shortcomings have led to unemployment among half of all graduates, according to a research by talent assessment company Wheebox.
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