18.6 million without jobs in India this year, unemployment rate to stand at 3.5 per cent in 2019
India TodayMany would argue that the core objective behind education is to gainful employability. According to the International Labour Organisation, India will again see its unemployment rate at 3.5 per cent in 2018 and 2019, the same which was seen in 2017 and 2016. Quality institutions are less in India The reason behind this is that India has a small number of quality institutions in the country in spite of the growth in the number of higher education providers. I refer to this as the push factor’; they would be pushed to pursue higher education abroad, simply because India is unable to credibly resolve the demand-supply conundrum in the foreseeable future. Higher education collaboration has emerged as a major pillar in India-Australia collaboration and consequently, internationally-ranked Australian universities are engaging in partnership projects to address India’s developmental and aspirational challenges.