Education is the next frontier, with job opportunities and higher salaries in the lucrative post-secondary sector.
But many states and territories, including states like Tamil Nadu, Kerala and West Bengal, have already been boosted with government schemes.
In a joint report by the Indian Institute of Technology (IIT) and the National Council of Applied Economic Research (NCAER), the NCAER found that employment opportunities for post-Primary students are already strong.
For instance, in the post-Secondary Sector, the postgraduate students are likely to get higher salaries, while the post masters are likely, if not already, to be earning an even higher salary.
For a post secondary education graduate, the average salary is likely to be about Rs 6,000 per month, while post masters’ salaries are likely on the order of Rs 15,000 to 20,000.
In Kerala, post-graduate students, in a study conducted by the IIT-NCAer, earned an average of Rs 2,300 per month.
Similarly, in West Bengal post- Secondary Sector, post graduates earned an annual salary of Rs 7,000 while post master’s salaries are expected to be in the range of Rs 10,000-20,000, according to the report.
The report also points out that there are many vacancies in the sector for post graduates in the labour market.
For instance, the unemployment rate of post-graduates is over 25 per cent in some parts of the country, which is a much higher rate than in other sectors, like construction.
It is a challenging sector to recruit post- Graduates as there is no training infrastructure and the labour force is limited.
The NCAER report has highlighted the fact that the job market for post graduates is still far from full, with over 12 lakh vacancies in education.
The jobs created by the NCCAER, however, have been significant.
It has also noted that more than 80 per cent of the post graduates are likely not to get jobs, with the bulk of the jobs going to people from lower income brackets, who are more likely to struggle with the new job market.
“Post Graduates are the most vulnerable to unemployment, with only 30 per cent getting employment, which suggests that many people in post-Graduate sector are not ready to take a job in the formal labour market,” said Ananth Kumar, principal of the Centre for Policy Research.
The NCCI report also found that there is an enormous demand for post Graduates, with employers looking for post teachers, post administrators and post tutors.
However, this demand is also being driven by higher income bracket and education level of students, according.
While the job opportunities for the post grads are good, there is also an awareness that they are not guaranteed a good job.
“In the post sector, the opportunities are limited and the jobs are mostly low wage jobs.
This has impacted the confidence of students.
It also makes it difficult for the Government to fill all vacancies in post secondary sector, with many vacancies being held by the non- qualified.
This is a serious challenge for the State,” said Kalyan Singh, president of the National Advisory Council of Post Graduates.