Study finds 47% of graduates unemployable for any job

 It seems formal education in India is not imparting enough skills to students as nearly half of the graduates of this year were found unemployable for any job, according to a study.

The most striking finding of the study was that a significant proportion of graduates of 2013, nearly 47 per cent, were found unemployable in any sector, said Aspiring Minds, an employability solutions company.

Lack of English knowledge, poor computer skills and dearth of concept-based learning were major deterrents to employability, Aspiring Minds added.

Of all the respondents in the survey, only 2.59 per cent of them were found employable in functional roles such as accounting, while 15.88 per cent was suitable for employment in sales-related roles and 21.37 per cent for roles in the business process outsourcing sector, a report by Aspiring Minds said. Poor knowledge of English and inadequate computer skills dampen employability prospects in smaller towns significantly, the report said. According to the study, not more than 25 per cent of the graduating students could apply concepts to solve a real-world problem in the domain of finance and accounting. The report noted that around 41 per cent of graduates employable in accounting roles hail from colleges beyond the top 30 per cent colleges, whereas for the IT services sector this percentage was 36 per cent.