Less than half of India's new graduates are job-ready: Report

The hiring landscape for engineering graduates is expected to fall short of pre-pandemic levels, with an estimated 1.6 lakh freshers finding employment, compared to the 2.3 lakh recruited in FY23. This decline is attributed to a shift in employer preferences towards mid-level employees with seven to 12 years of experience. The rationale behind this trend is companies' inclination to bypass the training period required for freshers, which typically spans six months.