A high rate of unemployment among educated youth in the country remains a major cause of concern because only around one lakh graduates are employed as against around 14 lakh graduates who pass out every year in the country, said M.R. Jayaram, Chairman, Gokula Education Foundation (GEF) and Chancellor at M.S. Ramaiah University of Applied Sciences, Bengaluru, on Wednesday.
Delivering his inaugural address at the annual students scholarships for 2023-24, which was organised by the University Higher Education Trust of VIT at its campus here, Mr. Jayaram said that the problem of high rate of unemployment was not restricted to India but to the rest of the countries as they struggle to create adequate jobs for educated youth. “In such a scenario, students should not restrict themselves to classroom learning. They should also equip themselves by acquiring special skill sets that are required in industries related to their streams for better employability,” he said.
In his presidential address, G. Viswanathan, founder chancellor, VIT, said that inadequate allocation of funds on education by the governments at the Centre and State level has only increased the financial burden of parents, especially those who enrol their wards to private schools. For example at VIT, only 800 students were given government scholarships in the institution that has around 40,000 students, he said.
