According to The Wheebox India Skills Report 2023, India's employable talent has increased over the last 12 months. The research states that India's employable workforce has increased from 46.2% to 50.3%, meaning that more people were deemed to be employable in comparison to the data from the previous year.
3.75 lakh applicants, or freshmen, were reviewed for the reports. They took the Wheebox National Employability Test (WNET), in which up to 150 businesses representing more than 15 different industries participated.
Compared to men, who made up 47.2% of the sample, women made up 52.8% of those who were deemed to be employable. “The consistent rise in women’s employability over the past ten years is a positive sign of radical changes in India’s developing labour market. Increased participation of women at work will give industries an edge with key roles already being occupied by women as we go into 2023," the report states.
In the research, it was also stated that 89% of recent grads were looking for internships.
Candidates from Uttar Pradesh, Maharashtra, and Delhi were the most employable among the states, and in professional fields, B. Tech, MBA, and B. Com graduates had the highest employability rates. In Indian cities, Mumbai, Lucknow, and Mangalore had the highest concentrations of employable talent.
However, there is still a discrepancy between the graduates' talents and what the industry needs. According to Piyush Nangru, co-founder and COO of Sunstone, "there is an urgent need across the nation for numerous stakeholders to close the industry and higher education divide."
"Improving employability through higher education is still difficult and is impacted by a variety of factors. According to Piyush Nangru, the curriculum for higher education needs to be revised, as do training methods and up-skilling processes.
