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    Survey reveals 33% educated youth unemployed due to lack of future-skills

    Published on September 17, 2021

    The research survey was conducted on over 11,000 respondents including 141 corporates

    ●             31% of the survey’s respondents declared that their existent degree failed in providing them with future skills

    ●             Over 53% of the respondents also confessed that they were unable to find the job of their choice

    ●             60% admitted they were not earning the ideal salary after duly completing their degree.

    ●             Almost 75% said that training in futuristic skills could have helped them in bolstering their professional career.  

    New Delhi: ImaginXP, India’s leading higher education company recently concluded a research with a focus on deeper insight into India’s skill gap & challenges for working professionals.

    The survey for the report was conducted through interactions with over 1100 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 2.7Mn digitally skilled professionals by 2023.

    With almost 31% of the survey’s respondents stating that their existent degree has failed in equipping them with future-ready skillsets, the need for an alternative skill-based educational model was imperative. Furthermore, over 53% of the respondents also 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. More importantly, almost 75% of the surveyed mass attested to the fact that training in futuristic skills could have assisted them in achieving greater success in their professional career.                    

    Speaking on the survey’s findings, Mr. Shashank Shwet, Founder and CEO, ImaginXP said,” By extending a number of future-first proficiencies to the youth, ImaginXP is rendering commendable service to the nation by forging a disruptive workforce that is not only skilled in various cutting-edge technologies but can also usher groundbreaking 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. Additionally, 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.”

    To resolve this scenario, ImaginXP, India’s foremost higher edutech company has developed a superior 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.