Saurabh Mukherjee
Approximately 8,000 pass-outs from the Indian Institutes of Technology (IITs) this year (2024) have remain unplaced, according to data revealed through Right to Information (RTI) applications filed by IIT Kanpur alumnus Dheeraj Singh.
This implicates 38 percent of IITians across 23 campuses of the country, remain jobless while out of 21,500 students who registered for placements, only 13,410 secured jobs.
The date also reveals that the older IITs have fared marginally better than the new ones. Out of 16,400 students who registered for placements in nine old IITs this year, 6,050 (37%) are yet to find jobs. The newer 14 IITs did worse, with 2,040 (40%) of 5,100 registered students unplaced.
According to the RTI applicant, Dheeraj Singh, who shared the concerning data on LinkedIn, IIT Delhi has seen 22% of its students unplaced over the last five years, with 40% still jobless in 2024.
In his LinkedIn post, Singh pointed out an increase in trend of unplaced students in the period from 2022 to 2024 for old and new IITs. Within the period the increase in unplaced students in old IITs was 2.1 times while the same in new IITs was as high as 3.8 times.
"The doubling of unplaced students points to a precarious state of affairs in the best engineering colleges of the country. Around 61% of the postgraduates are still unplaced. This is an unprecedented job crisis our premier colleges and our young graduates are facing," Mr Singh highlighted.
The RIT report comes at a time when Indian Information and Technology (IT) sector is going through a rough phase, registering a drop of nearly 72,000 employees in the last fiscal year (FY24), a report in The Economic Times revealed.
Five of the top six IT companies which include Infosys, Tata Consultancy Services (TCS), Wipro, LTIMindtress and Tech Mahindra, had registered a reduction of 73,600 headcounts in last one year.
According to a latest Crisil Ratings report, the IT services sector in the country is likely to see a second successive year of muted revenue growth, at 5-7 per cent in FY25.
As revenue growth remained subdued, IT service companies pulled back on the addition of fresh talent, resulting in headcount reductions by 4 per cent (on-year) in December 2023.
This implicates 38 percent of IITians across 23 campuses of the country, remain jobless while out of 21,500 students who registered for placements, only 13,410 secured jobs.
The date also reveals that the older IITs have fared marginally better than the new ones. Out of 16,400 students who registered for placements in nine old IITs this year, 6,050 (37%) are yet to find jobs. The newer 14 IITs did worse, with 2,040 (40%) of 5,100 registered students unplaced.
According to the RTI applicant, Dheeraj Singh, who shared the concerning data on LinkedIn, IIT Delhi has seen 22% of its students unplaced over the last five years, with 40% still jobless in 2024.
In his LinkedIn post, Singh pointed out an increase in trend of unplaced students in the period from 2022 to 2024 for old and new IITs. Within the period the increase in unplaced students in old IITs was 2.1 times while the same in new IITs was as high as 3.8 times.
"The doubling of unplaced students points to a precarious state of affairs in the best engineering colleges of the country. Around 61% of the postgraduates are still unplaced. This is an unprecedented job crisis our premier colleges and our young graduates are facing," Mr Singh highlighted.
The RIT report comes at a time when Indian Information and Technology (IT) sector is going through a rough phase, registering a drop of nearly 72,000 employees in the last fiscal year (FY24), a report in The Economic Times revealed.
Five of the top six IT companies which include Infosys, Tata Consultancy Services (TCS), Wipro, LTIMindtress and Tech Mahindra, had registered a reduction of 73,600 headcounts in last one year.
According to a latest Crisil Ratings report, the IT services sector in the country is likely to see a second successive year of muted revenue growth, at 5-7 per cent in FY25.
As revenue growth remained subdued, IT service companies pulled back on the addition of fresh talent, resulting in headcount reductions by 4 per cent (on-year) in December 2023.
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