India at a Glance - Highlights from among the research findings.
India Inc. directly engages less than 1/4th of the total workforce in India and contributes to ~53.66% of our GDP (Jan. 2020)
India’s labour productivity is $10,080 a year, compared with $23,888 in Brazil and $107,551 in the US.
Talent deficit of 85.2 million workers by 2030. Skilled labour surplus of 245.3 million workers by 2030.
India’s rural youth lacks the cultural capital, access to information and the urban medium of instruction.
Every year only 10-15% out of over 3 million regular graduates/ postgraduates are considered employable
Choice has become an important part of the education system today. It is extremely crucial to map available talents to the industries that need them.
Career consulting services gives all students, from all backgrounds, the insights, freedom and opportunities to pursue disciplines which best suit them.
These young people and their guardians must be sufficiently informed about the potential of life-changing career decisions and future working lives.
Helping students acquire the knowledge, strengths and attitudes to take advantage of the opportunities and liberties that solid education promises.
Pertinent career guidance strategies help young minds shape their personal capacities to make valuable contributions to a future society positively.
India’s macroeconomy (GDP) will be bolstered only if India Inc. (microeconomy) goes hand in hand, mirrors each other and moves together. This is possible with proper engagement of our demographic dividend, leveraging our only direct growth driver “our expanding youth” and appropriately channeling them into the workforce.
Why India needs Career Guidance Experts(CGEs) ?
To confront, manage and combat the Great Indian Talent Conundrum (GITC) and build the most competitive knowledge-based economy and society in the world, this is an additional burden to the urgent challenge of creating at least 8 million jobs year after year, fueling India’s post-pandemic headache.
A stable Careers Programme
Learning from Career and Labour Market Information
Addressing the needs of each Pupil
Linking Curriculum learning to careers
Encounters with Further and Higher Education
*Six Essential Benchmarks of a stable Careers Guidance Framework
[Source : Gatsby Charitable Foundation & PricewaterhouseCoopers]
Education Information Ecosystem (EIE)
India still needs 1.4 million career counsellors for 315 million students to maintain a globally acceptable student-to-counsellor ratio.
While U.S. has a nation-wide average counsellor-student ratio of 1:492 (1 counsellor per 492 students), in India there are only 500 counsellors for about 1.5 million students.
India is perceived as a counselling - deficit sector.
As correctly revealed by an esteemed columnist & educationist in India, career agents calling themselves Career Counsellors do not have the requisite skills and are continuously contributing to the very Indian problem of under-informed career choices and new joinees quitting jobs midway due to low job satisfaction levels.
Education & Career Counsellors should keep themselves updated. They must also have an implicit understanding of Millennials’ & Gen Z’s anxieties, aspirations and learning styles. 86% of Indian students are genuinely concerned about which option to choose for higher education but 92% of them have no or limited access to career-related guidance from their schools.
CGEs must keep data private
Data Privacy is of utmost importance because most career guidance experts consider demographic and related data acquisitions before allowing a beneficiary into using its career consulting services. Most CGEs abandon this feature of data privacy after the acquisitions are complete.
India has not yet enacted specific legislation on data protection. However, the Information Technology Act gives a right to compensation for improper disclosure of personal information.
Any enterprise remains vulnerable to being litigated against for gross negligence, cyber-security insufficiency or inadequacy. At iDreamCareer, all collected information remains private and is not disclosed to any recipient anywhere in the world.
Most CGEs in India have collaborations with universities & colleges and hence are vastly responsible for disclosure of student data to such institutions and other interested third parties like consumer research forums etc. so services are naturally & necessarily biased. iDreamCareer’s full-stack solutions are student-centric and wholly neutral & unbiased.
Meet the Researcher
Sreenanda Kundu is currently associated with iDreamCareer (India) as an Intelligence Analyst & Careers Profession Expert in a full-time role. For this study, she led the analytics and research requirements with a pivotal role in designing the construct of the project & report. Sreenanda specializes in actionable intelligence and knowledge delivery through research and analyses-centric presentations, with demonstrated skills in cross-disciplinary data interpretation/representation with a high degree of proficiency surrounding technical and scientific disciplines. She earned her university degree in Biophysics & Biostatistics pursuant to a graduation in Chemistry. Prior to her career pursuits, she had also interned with the Institute of Nuclear Physics (India).