1. Economic slowdown and reduced job creation: The Indian economy has been experiencing a slowdown, which has led to reduced job creation across sectors. This poses an increasing challenge for college graduates seeking employment.
2. Technological disruption and changing skill requirements: Rapid technological advancements have transformed industries, leading to changes in the skills required by employers. Many traditional courses offered by colleges may not align with the evolving job market needs, making graduates less valuable to employers
3. Quality of education: Some colleges, especially regional and tier 2/3 institutions, struggle with inadequate infrastructure, lack of experienced faculty, and curricula that do not match industry demands. This affects the overall quality of education and employability of graduates.
4. Saturation in traditional sectors: Historically, premier institutes like the IITs have been closely associated with engineering and technology roles. However, there are now fewer job opportunities available in these conventional domains due to saturation.
5. Retreat of major recruiters: Top companies, including IT giants, have announced a slowdown or retreat from campus hiring, leading to fewer job opportunities for graduating students, especially at the IITs.
6. Mismatch between supply and demand: India produces a large number of engineering graduates (around 1.5 million per year), but the job market is unable to absorb all of them, leading to a supply-demand imbalance.
In summary, the combination of economic conditions, technological changes, educational quality issues, and reduced campus hiring by major recruiters has created significant challenges for Indian colleges in ensuring strong placements for their graduating students.
