Hyderabad: Lack of employable skills among
Indian youth for jobs is "worrisome" and professional
institutions should help improve employability, President
Pratibha Patil said here on Monday.
The President who delivered a key note address here at
Indian School of Business (ISB) said it is estimated that the
economy faces a shortfall of two lakh engineers, four lakh
graduates in other fields and 1.5 lakh vocationally trained
"Its a worrying sign that even though the third largest
number of graduates in the world every year is produced in
India, only 15 per cent of our boys and girls passing out of
college have the skills required to become employable! This
brings in concerns that students are getting degrees, but not
getting employable hands-on skills," Patil said.
Government has set-up the National Skills Development
Corporation - a Public Private Partnership - to skill 500
million people by 2022 and institutions like the ISB should
not only participate in it, but through interaction with the
business world, help in developing the required skills, she
The objective of an educational institution is to prepare
its students to meet the competitive environment of a
knowledge based and technology driven world, which is driving
change at a rate that necessitates rapid adaptability and the
ability to invent and to re-invent, she said.
"As a society transforms, its education system must
respond to change. Its only then, that will it be relevant.
Educational institutions must create the human resource
capacities required for the times," the President said in her
The corporate world should design their business models
in such way that it can go hand in hand with growth that is
beneficial to society, she said.
Patil said that the most successful corporate of the
world are the ones which have a commitment not only towards
the shareholders of their company, but indeed to society at
Andhra Pradesh Governor ESL Narasimhan and CM Kiran Kumar
Reddy also spoke on the occasion.