Campus Placement Processes in IITs
The campus placement process at the IITs and other technical universities is a significant event for students, serving as a launchpad for lucrative careers. It is closely observed by knowledge economy specialists and job market experts.
Decline in Placements
- Report by Parliamentary Standing Committee: It noted an “unusual decline” in placements at IITs from 2021-22 to 2023-24.
- Statistics: 22 of 23 IITs have seen a drop in placements, with IIT BHU being an exception.
- Possible Reasons: The decline might be due to students opting for higher education or starting their own ventures.
- Comparison with Previous Data: The number of students attending placements has increased, except in IIT Tirupati.
Market Trends and Impact on Placements
- 2021-22 Spike: A temporary spike in placements due to post-Covid job market recovery.
- Economic Slowdown: The global economic slowdown has resulted in reduced hiring and lower salary packages.
- IT Sector Challenges: Fewer openings, as discussed in the Candidates Open House for the PM Internship Scheme.
Efforts by IITs
- Alumni Networks: IITs are reaching out to alumni to help students navigate the tough job market.
Government and Economic Plans
- Make In India: Declining placements should influence government plans for economic and entrepreneurial programs.
- Employability Skills: IITs historically exempt from criticism over employability skills, but rapid technological changes require curriculum updates.
- Government's Role: The report suggests the need for the government to connect the job market, skills, and economy better.