Why are engineers in India paid so less?

Why are engineers in India paid a low salary? Because they are oversupplied. We have 2 lakhs CAs, 10 lakhs doctors. US produces around 1 lakh engineers per year for a $ 16 Trillion economy.

Why are so many Indian engineers unemployed?

TOO MANY ENGINEERS: There are only so many new jobs being created every year. The number of new engineers is far higher. LACK OF EXPOSURE: Most Indian engineering colleges provide no or very bad internship opportunities. RIGIDITY: Most Indian engineering students are incapable of working without strict guidelines.

Why are engineers paid low?

It is simply supply and demand. If the number of people allowed to do engineering work were cut by 80\%, then they would be paid as much as, or more than, doctors.

Is engineer unemployed in India?

The country’s BE/BTech degree has further lost its importance in recent years. Aspiring Minds- An employability assessment company released a survey in 2019 that said that 80 per cent of Indian engineers are unemployed for a job in the knowledge economy.

Do engineers make a lot of money in India?

On an average, the range of salaries picked by software engineers is about $87,000 – $94,000 per annum (or just about fifty lakh per annum). As for numbers specific to Indian job market, payscale.com pegs the median salary of computer engineers in India at 4.97 lakhs annually.

What is the lowest paying engineering job?

Industrial Engineering: Pros and Cons The biggest con of industrial engineering is that the pay is the lowest average for the engineering jobs we’re discussing.

Why are there so many engineering jobs in India?

Six very important reasons for this are : TOO MANY ENGINEERS: There are only so many new jobs being created every year. The number of new engineers is far higher. LACK OF EXPOSURE: Most Indian engineering colleges provide no or very bad internship opportunities.

Are engineering graduates considered unemployable in India?

In India, our Engineering graduates ( + 90\%) are considered unemployable. The job market takes whatever it wants from the rest. Developed countries produce as per the market demand both in numbers and quality.

Why are core engineers in India paid less than other engineers?

In today’s scenario, Manufacturing just constitutes 17.1\% of India’s GDP. [ 2] As the manufacturing sector is on the back foot. It leads to lower demand for core engineers. Demand is lower whereas supply is higher. The result is lower salaries!

Why are doctors paid more than engineers in India?

In India, there is 1 doctor for nearly 2400 people. For obvious reasons, doctors get higher salaries. Because of the famous principle “ Invisible Hand of Market ” of Adam Smith. In India, engineers are oversupplied. Every year, India produces 1.5 million engineers. Overall we have engineers in the count of crores.