According to the Wheebox India Skills Report (ISR) 2023, BCom and MBA programmes are expected to become the most popular ones in 2023, with the most employable talent at 60.62 and 60.1%, respectively. Additionally, with an employability rate of 57.44 percent in the BE/BTech domain, candidates are the third most employable overall.
The automotive, engineering, and internet industries will be where India would be employing the most, the report states. In India as a whole, employers intend to hire 36.08% more people by 2023 than is anticipated.
According to the survey, the BFSI, pharmaceutical, e-commerce, and IT/ITES sectors are driving the demand for skilled labour in the skills market. The hiring of freshmen in these professions is anticipated to rise by 20% between 2022 and 2023.
According to the report, India has to make additional reforms at the policy level to encourage more women to work in both the public and private sectors.