BUT WILL THERE BE JOBS?

As per an estimate prepared by the Organization for Economic Cooperation and Development ( OECD ) , the total pool of graduates in the world is expected to expand from 129 million in 2010 to 204 million in 2020 ( graduates between 25 and 34 years of age )

In 2020 , which countries will lead in this expanding army of graduates ?

•   China  ………………………………..  59.2  Million  (  29  %  )

•   India  …………………………………  24.5  Million  (  12  %  )

•   USA   ………………………………..   22.4  Million  (  11  %  )

•   Russia ……………………………….  14.3  Million   (  7    %  )

•   UK ……………………………………..  8.2  Million    (   4   %  )

•   Rest  …………………………………. 75.4  Million   (  37  %  )

Indian scenario (2011), looks as follows :

• Gross Enrollment Ratio ( 18-23 years old )……………… 16  %

• Graduate  % age  of population  (  “           ) ………………  8  %

• Graduates with B.A Degree ………………………………………….33 %

• No of Universities  ………………………………………………………  523

• No of Colleges   ……………………………………………………………. 33,000

• Students graduating / year  ……………………………………….  3.5 Million

• Engineers graduating  /  year  ……………………………………   1.0  Million

• Unemployed registered with Employment Exchanges…   41  Million

• % age of “ Employable “ graduates ( one estimate) ……10 %

But will there be jobs  ?

Hemen  Parekh