To lessen the effects of the recession on M Tech and B Tech degree holders in India, the Indian government has a crucial role to play. As long as the right steps are done at the right time, the economic slowdown is not an insurmountable barrier.
The prospects for many Indians with M Tech and B Tech degrees have been badly harmed by recessionary causes like job losses, unemployment, and weak income growth. These qualified professionals thus struggle to find suitable employment or to navigate their career paths.
The government needs to take a number of proactive measures to lessen the effects of the recession on M Tech and B Tech professionals.
First, it has to introduce particular job openings for recent immigrants under the Corporate Social Responsibility initiatives, which will encourage skill development from entry-level jobs to higher managerial ranks inside firms.
Second, the government should fund specialised training so that graduates can expand their professional skill sets in line with particular industry demands for effective job integration into corporate culture.
Thirdly, for economically disadvantaged groups of society who have trouble paying for college fees, funded internships at reputable companies should be suggested with financial incentives.
In addition to the Government of India’s current efforts, some research-driven initiatives can be investigated where new market openings are found through technological advances while taking user outcome mechanism models into account for future commercialization plans regarding particular end-user segments.
Large businesses will be able to move inwards towards government-backed projects thanks to autonomous thin barriers between the public and private sectors, which will eventually give M Tech and B Tech graduates the opportunity to pursue multidisciplinary lines of inquiry during research internships related to cutting-edge technological advancements while also assisting organisational goals and providing an enthusiastic learning experience over time periods synced with semester.
Full potential targeting should also be carried out holistically, opening up more channels between public universities and private sector partnership programmes where recent graduates can gain industry exposure through a variety of practical assignments prescribed within their own fields, ultimately maturing into core leadership positions for sustainable advantages within competitive business dynamic environments after graduation.
Finally, the Indian government must identify the highly skilled labour force that is directly contributing to the development of the country and has received early-stage education from engineering institutes.
This necessitates reformulating policies involving both direct and indirect approaches, including organization-based placement strategies and part-time wage restructuring that permits low wage cutoffs and facilitates job search even during severe recessions when corporate hiring cycles are unable to continue due to higher costs associated with maintaining expensive resources when objective returns are significantly below expectations initially set during prosperous times.
Conclusion: Sensibly implementing networking opportunities between state-run institutes and top corporations that offer internship placements during budget sessions will go a long way towards bridging the gap between them. Public funds should be used effectively to positively reshape academic curricula geared towards solving actual propelling industrial challenges.