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Strike While The Iron Is Hot
November 2017
|Human Capital
As India joins the league of fastest developing nations in the world, skill development is one aspect that is highly overlooked in terms of our young population. The median age of the Indian population is 27.6 years, making it one of the youngest nations in the world, but, we are staying away from taking advantage from such a key element.
The Failure of the new IIMs
A case in point is the newly developed Indian Institutes for Management in Tier 2 cities. Efforts were made by the Government to cash in on the brand value of the existing IIMs, but they failed to do so miserably. The new IIMs are no match to the existing IIMs in terms of education, skill development and placements. And, the management in these institutes is having a tough time in getting students to join them in the wake of multiple and better opportunities in the management education space.
Such a move to dilute the brand of institutions like IIMs, IITs, AIIMs, and several other leading icons of education may tarnish the reputation and brand, instead of promoting it. Some alarming facts pointing to the dire situation according to India Skills Report 2017 are:
Only 2 in 5 candidates joining the workforce this year are employable
Only 7 per cent among the engineering graduates are employable
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As India joins the league of fastest developing nations in the world, skill development is one aspect that is highly overlooked in terms of our young population. The median age of the Indian population is 27.6 years, making it one of the youngest nations in the world, but, we are staying away from taking advantage from such a key element.
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