Education Statistics in India – Where is the Youth Going?

Board exams are one of the most crucial exams in a student’s educational equation with “What will you do after boards?” remaining constant. Yes! Every student gets to hear this question. However, do we all really know the answer? If you have still not decided what to do after boards, this article is surely meant for you! For the starters, let us get into some mind-blowing statistics. India is going to have the maximum workforce (under 35) by 2020 beating China. But is that really something to be happy about? Here is the answer. The Indian education sector and the job market have shown opposite trends. The employment opportunities have shrunk but the total number of graduates every year is increasing. Moreover, this gap of demand and supply in the job market has made people to think about new ways to earn and take up new professional courses. Cities like Banglore, Jaipur, Delhi, Pune, Chennai, etc. have become hubs for the thriving student economy in India. There are 33.8% Colleges, which run only single programme, out of which 83% are privately managed. The education sector is shifting towards vocational courses rather than traditional ones. In regard to Programmes, out of total, 10 programmes have a relatively higher enrollment rate than others. Bachelor of Arts (B.A.) has 95.06 lakh student enrollments and hence tops the list. Going further into the numbers, the percentage of male enrollees is 47.2% and female enrollees is 52.8%.

Here is a division table of the number of students enrolled for various courses in India. Have a look!
With this, it is also worthy to note/notice that students these days know the importance of specific skills which can help them in surviving in the job market. Opposite to the mainstream professions of engineer, doctor and teacher, the job trajectory is moving towards management, law and technology (refer the EduThrill for understanding the trending topics).

Now, here is the list of six the most trending professions in 2019:

IT Industry

Topping the chart is the IT sector in India. The industry includes multinationals and startups in the computer hardware and software, semiconductor, electronics, Internet services, telecom and e-commerce sectors. Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.5 percent from 2017, according to the latest forecast by Gartner, Inc.

Big Data, Machine Learning & Artificial Intelligence:

You name them and they are in every industry. Be it Google, Apple, Microsoft or IBM, these companies are spending a bomb when it comes to AI development. A few of the studies report that there will be a $1.5 billion market for robots which will be established globally by 2019. However, the high cost of these technologies has opened these sectors with restricted entry. Though, the number of vocational courses and jobs are growing exponentially.

Aerospace Industry:

The aerospace industry which is also known as the “aerospace and defence sector” is all about the development and manufacturing of the flight vehicles. There has been a boom in global travel and airlines’ industry which is shortening the aircraft-replacement cycle. This is driving the commercial sector to higher revenues. Though, the defense sector is relatively stagnant.

Law:

Law has never lost its momentum as a profession. It is a profession for which there will always be a demand, whatever may be the state of the economy. However, law is just an umbrella with several verticals/branches. The term encompassing criminal law, litigation law, corporate law etc. which are highly demanded. The Leading One: Corporate law is the arm that encompasses law requirements in a company, leading to better packages. It is hence widely chosen by students.

Management:

Another wide category which has always been a choice of every student is management. Yes, it is still trending in the market. Management professionals pose roles in all areas of a business like Marketing, Finance, Human Resources, Operations and Logistics, which get unlocked via an MBA degree. Presently, there are uncountable business schools in the country but only the best schools provide with campus recruitment opportunities. For example, a recent story that hit the news was a tailor’s son getting a package of Rs. 19 Lakhs after graduating from IIM Nagpur.

Software Engineer:

Nothing can beat the statistics for this one. With an intrusion of softwares in our lives, software engineers are highly in demand. A software engineer can be into designing, development, maintenance and testing of software. With salaries averaging from 4 Lakhs per annum to 15 lakhs per annum, this is one of the most promising careers in India.

Last but not the least, no trends can influence what you exactly likened what to pursue. You can check our previous blog (How To Choose The Right Career.) for determining the right way to choose your career.

Also, if this was not enough, we have something more for you! Get your free career guidance handbook, here.