The Indian Institute of Technology, Delhi (IIT Delhi) and University of Delhi feature among the world's top 200 universities, according to a joint study by ASSOCHAM and Yes Institute.
The study revealed that while only two Indian educational institutions featured in the top 200, 49 American institutions featured in the list followed by 30 from the United Kingdom, 11 from Germany and eight each from China and Australia.
• The joint study revealed that the top talent goes to developed countries for studying, research and contributing intellectual capital as well as economic value to other countries.
• It stated that an estimated six lakh Indian students are studying abroad, spending over USD 20 billion annually.
• The study reported that only 16 per cent of the Indian firms carry out any in-firm training themselves, as against 80 per cent of Chinese firms.
• The study indicates that only a small portion of Indian graduates are considered employable.
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The National Employability report 2013
The report revealed that employability was less than 25 per cent in India in almost all job functions across education streams such as science, commerce and arts.
It stated that India's higher education sector faced many challenges such as low-level employability, lack of research as well as limited scope for innovation and entrepreneurship.
It added that to overcome these challenges, it is critical for India to align its higher education system with emerging economic realities and industry requirements as well as introduce well-structured and futuristic education frameworks.