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LATEST NEWS UPDATES | Job offers shrink for IIT graduates, campus hiring falls to 66% this academic year. Here's why -Neelam Pandey

Job offers shrink for IIT graduates, campus hiring falls to 66% this academic year. Here's why -Neelam Pandey

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published Published on May 14, 2017   modified Modified on May 14, 2017
-Hindustan Times

The slide in recruitment from what are considered premier technical institutes reflects the possible impact of the economic downturn in India as also globally

One of every three IITians graduating this year either didn’t find a suitable job or wasn’t found suitable for a job through campus placement, official data show, pointing to shrinking employment opportunities for India’s large pool of engineering talent.

Only 66% of those who made themselves available for campus recruitment landed a job offer in 2016-17, as against 79% in 2015-16 and 78% in 2014-15, according to data made available by IITs to the human resource development (HRD) ministry. Out of 9,104 student in 17 IITs who applied this year, only 6,013 got jobs.

The data for placement was shared by 17 IITs. There are 75,000 students studying in 23 IITs in the country.

When contacted, the human resource development ministry said that recruitment by PSUs through GATE scores has increased over these years and many of those recruited are from IITs. “These numbers won’t reflect in the campus recruitment numbers. We need to add these too before coming to conclusions on employment opportunities for IIT students. We, therefore, feel that the employment scene is not really going down for IITs.”

The slide in recruitment from what are considered premier technical institutes reflects the possible impact of the economic downturn in India as also globally. India’s estimated economic growth has slowed to 7.1% in 2016-17 from 7.9% in the previous year.

Larsen & Toubro Ltd, for instance, laid off 14,000 employees during April-September last year, saying it was necessary to stay agile and competitive.

Many companies in the manufacturing and construction sectors slashed jobs in November-January to protect their profit margins post-demonetisation.

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Hindustan Times, 14 May, 2017, http://www.hindustantimes.com/education/job-offers-shrink-for-iit-graduates-campus-hiring-falls-to-66/story-VPO5Lx7DM7BH7Ld1lxel3M.html


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