However, despite the increasingly higher numbers of engineering graduates produced by the technical institutes in India, almost 30 per cent of fresh graduates remain unemployed even one year after graduation. In 2005, a McKinsey-NASSCOM study indicated that only a quarter of India’s technical graduates and 10–15 per cent of general college graduates are of employable quality in the off-shore IT and BPO industries.
Further, NASSCOM estimates that the educational system produces nine half-literate graduates for each graduate of passable quality, reflecting the low quality of education. However, despite discounting of the quality of education, when it comes to the number of engineers per million people, India has only 214 with South Korea having the highest number 1435.