Despite producing the maximum number of graduates globally, the average level of shortage of skilled talent in the STEM sector in India has increased from 6 percent in 2014 to 12 percent in January 2018. Let’s take a look at the gaps behind this.
The Information Technology sector in India has built its reputation by providing costeffective solutions and providing employment to millions of people in the process. However, the full-time research workforce in India was estimated to be just 2,00,000 in 2015 by UNESCO. Are we, as a nation, adequately promoting careers in Science, Technology, Engineering and Mathematics (STEM) subjects, and are we even able to generate enough talent for our own demand? Are we losing some of our best minds to other countries because of a lack of support and opportunities?
A recent survey from the job site Indeed has confirmed similar fears: despite producing the maximum number of graduates globally, the average level of short age of skilled talent in the STEM sector in India has increased from 6 percent in 2014 to 12 percent in January 2018. The survey noted that Information Technology and Banking and Financial Services are the leading sectors that hire STEM talent, mainly in the roles of software engineers, web developers, business analysts, software architects and SAP consultants. It also listed the top ten companies for those interested in pursuing STEM jobs: Capgemini, Wipro, JP Morgan Chase, Oracle, HCL Technologies, IBM, Magna Infotech, PwC, Barclays, and Citi Bank.
With 2.6 million of the 78 million fresh graduates in 2016 belonging to the STEM sector, India did reasonably well in producing a healthy number of STEM graduates; yet, it is witnessing an increasing talent shortage in the field. This seemingly paradoxical challenge has been attributed to the ‘disparity between college curricula and industry expectations’ in a Hindu Business Line news report. Let us take a closer look at this ‘disparity’ and attempt to understand the factors responsible behind the current mismatch:
STEM Sector in India: A Brief Look
This story is from the People Matters - April 2018 edition of People Matters.
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This story is from the People Matters - April 2018 edition of People Matters.
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