Education Vs Employability- The Need to Bridge the Skills Gap among the Engineering and Management Graduates in Andhra Pradesh

Education and training create assets in the form of knowledge and skills which increase the productive capacity of manpower and this is referred to as human capital. Education is considered to be a process of skill formation and in this aspect it is treated at par with the process of capital formation. Economists argue that as demand for educational training increases, the systems need to meet the country’s requirement for people with high levels of skill and knowledge. But the major stumbling block in this growth path is the inadequate skill set of the workforce. While on the one side we have the world’s large stock of scientists, engineers and management graduates, we have been unable to derive full economic benefit from this talent base because of the mismatch between industry needs and university output. Skillful management of the intellectual capital could be a driver for growth and is imperative for Indian economy. The purpose of this study is to identify the employability skills required by young graduates and assess how there can be a value creation through effective knowledge management in terms of pedagogy, evaluation process and feedback mechanisms.