Is there a demand for engineers in India?

With infrastructure investment booming in India and rapid growth of the manufacturing sector which is experiencing a paradigm shift with innovation, cost reduction and productivity leaps having taken centre stage in Indian industry, theres great demand for professionally qualified mechanical engineers.

Is there a shortage of engineers in India?

The ‘ National Employability Report for Engineers 2019’ put out by a job assessment platform Aspiring Minds, has shown that over 80\% of engineers in India are unfit to take up any job in the knowledge economy. The findings match other reports about the shortage of digital skills in India.

Are engineers actually in demand?

Engineering opportunities across the board are expected to grow seven percent nationwide by 2026, according to the U.S. Bureau of Labor Statistics (BLS). But demand for some roles is increasing faster than for others.

Which engineers have more demand in India?

Top 10 highest paying engineering jobs in India for 2021

• Computer science and engineering.
• Petroleum engineering.
• Electrical engineering.
• Nuclear engineering:
• Mechanical engineering.
• Aerospace engineering.
• Civil engineering.
• Electronics and communication engineering.

Does India need more engineers?

While India makes the top 10 of science and engineering graduates each year in the world, it does not make that same list for engineers. In addition, the number of graduate engineers who go on to do a post-graduate and doctoral degree in engineering in India is not keeping pace with a growing economy.

Is there an engineer shortage?

For many years, around the world, it has been recognised that there is a skills shortage in engineering; that there simply aren’t enough engineers required to complete large-scale investments of local, national and international importance.

How many engineers are there in India?

Rough estimates suggest that about 1.5 million engineers in India enter the job market, making it one of the top career options. But, how much does an engineer earn? Check out Top Paying Engineering jobs! Computer Engineering is the top choice for toppers of JEE Advanced and JEE Main examinations.

Why are core engineers in India paid less than other engineers?

In today’s scenario, Manufacturing just constitutes 17.1\% of India’s GDP. [ 2] As the manufacturing sector is on the back foot. It leads to lower demand for core engineers. Demand is lower whereas supply is higher. The result is lower salaries!

Why are doctors paid more than engineers in India?

In India, there is 1 doctor for nearly 2400 people. For obvious reasons, doctors get higher salaries. Because of the famous principle “ Invisible Hand of Market ” of Adam Smith. In India, engineers are oversupplied. Every year, India produces 1.5 million engineers. Overall we have engineers in the count of crores.

Which industries do not require engineers?

Tourism and hospitality industry constitutes nearly 9\% of the GDP, does not require engineers. The financial sector, trade, hotels, and restaurants do not require engineers. The requirement in health, education, govt. administration and agriculture are almost negligible. (Less Demand and more supply leads to lower salaries).