Mon. May 27th, 2019

More jobs coming! Engineering, technology institutes to create major opportunities

More jobs coming! Engineering, technology institutes to create major opportunities

The higher education institutions in India have been going through a time tough due to the decrease in enrolments which has widened by 3.56% on yearly basis in FY18, compared to drop of 2.82% in FY17. This, in fact, led to the closure of 106 engineering institutions across India in academic year 2017-18. Interestingly, despite the plunge in engineering enrolments, experts at India Rating believes, employment opportunities still high for those who complete engineering, technology and related courses. Ind-Ra has given a stable outlook on overall education sector for FY20 in view of a marginal increase in the number of educational institutions and enrolments in the K-12 segment.

Data compiled by Ind-Ra revealed that, employability for engineering courses was 50.0%-54.0% during FY15-FY18. On global basis, Indian educational institutions generally lag behind their international counterparts, some of India’s top institutes (such as Indian Institute of Technology Bombay and Indian Institute of Science, Bengaluru) achieved a ranking of 162 and 170 in the world Quacquarelli Symonds world university rankings 2019, respectively.

While maintaining a stable outlook for FY20, Ind-Ra highlighted that,  educational institutions reported steady enrolments for FY19. However, in some cases in FY19, Ind-Ra observed strained liquidity and weakened debt servicing owing to a higher increase in operating expenditure than that in operating income.

Overall in FY20, Ind-Ra expects education sector to witness growth, aided by  sustained growth in enrolments both at schools and higher education institutions.

Finally, Ind-Ra said, “national and global bench marking of education, use of technology and allocation of more resources for R&D view will be the key drivers for improving the quality of education and educational institutions.”