Unemployability was bound to pose a crisis for the country, given our neglect of the quality of higher education for long. So the latest TeamLease survey that estimates 57% of Indian youth are unemployable only quantifies—very disturbingly so—the problem.
Of course, it is good to see industry’s increasing involvement, as well as the awakening of the government, through its mission mode for skills development, et al. But the problem is chronic and huge in scale, especially as a big chunk of the public continues to demand university degrees, even though a majority of these are just the stamps on a shoddy package.
We clearly need to encourage more private (and foreign) institutions, and not have overregulation hindering these. Let existing state and Central universities compete. These will then be forced to work closely with industry and to ensure better teaching talent—not just by paying them more, but also with stringent auditing of the quality of their work.