"Over-engineering: India has a new employment problem

India needs to create 115 million jobs by 2030 as more people enter the workforce. It also needs to boost services and manufacturing to keep the economy expanding. However, the country faces another crisis, as unemployment among engineering graduates is on the rise. India produces 1.5 million engineering graduates annually, but only about 60% are employable and only about 45% meet industry standards. Only 10% of the engineers expected to graduate this fiscal year are anticipated to get jobs, according to a report by TeamLease, which claims to be India’s largest degree apprenticeship service provider. The rapid rise of Artificial Intelligence (AI) has also posed significant challenges to the sector. A report by Great Learning published in October showed that 67.5% of engineers feel that their jobs have been negatively impacted by AI."