The survey by higher education company ImaginXP focuses on India’s skill gap and the challenges for working professionals, and was conducted through interactions with over 1,100 respondents including 141 corporates. The findings suggest that almost a third of the nation’s (33%) youth currently faces unemployment due to a dearth of future-ready skills.
Today, India has a GER of 26.6% which means that 74% of the population within the age group of 18-23 (ideal age for higher education applicants) are currently not within the higher education system due to lack of accessibility or affordability. In addition, India will need 2.7 million digitally skilled professionals by 2023.
Over 53% of the respondents confessed that they were unable to find the job of their choice while over 60% admitted they were not earning the ideal salary after duly completing their degree.
“By extending a number of future-first proficiencies to the youth, ImaginXP is forging a disruptive workforce that is not only skilled in various cutting-edge technologies but can also usher innovation. This naturally leads to overall progress as job-seekers become job-creators that can help accelerate the national economic engine in the new normal,” Shashank Shwet, founder and CEO, ImaginXP, told ET.
Such a state-of-the-art university-integrated framework will also prove instrumental in enhancing career growth for young professionals while resolving the glaring skill-employment gap in the country, Shwet added.
To resolve this scenario, the edtech company has developed a university-embedded pedagogical framework that offers a slew of full-time degree programmes and credit courses specialising in design, business, and technology. The new-age industry-led courses include such as RPA, UX design, robotics, cybersecurity, data science, IoT, fintech, healthtech, digital marketing, product management, etc.