A degree apprenticeship is excellent for India and can assist new graduates succeed in the industry.
With more than 1.4 billion people, India is the world's second most populous country, and it is currently reaping the benefits of its demographic dividend. The working-age population is currently greater than 90 million and is expected to increase significantly to over 96.5 million by 2031. It will result in a continuous annual growth in the working-age population of 9.7 million between 2021-31, followed by 4.2 million between 2031 and 1941. This will result in a huge number of employment creation to balance the economy.
According to the Economic Survey 2018, around 87 percent of Indian enterprises provide 21 percent of our total GDP turnover; nevertheless, they are totally informal and hence fall outside of both the tax and social security systems.
They cater to dropout young people who cannot fit into the traditional employment market due to a lack of relevant skills. They readily enter the informal labor market, and their "once labor, always labor" odyssey begins.
Degree Apprenticeship is an effective technique for providing job-based academic and industrial training to young people attending universities and higher education institutions. It contributes to the development of a skilled workforce for job opportunities as opposed to entering the labor market and becoming waged laborers.
It is a tailored degree course delivered by a university in collaboration with industry for a specific employment role that trains the apprentice in both theoretical and practical parts of the job role. It combines a standard academic curriculum with on-the-job training under the capable mentoring of master trainers, craftsmen, or supervisors from the appropriate industry.
Students receive a recognized university degree as well as an internship or job experience from the affiliated industry or firm at no cost to them. They also receive a monthly stipend while completing this course.
It is an exceptionally pragmatic strategy to transforming school and college dropouts, as well as other outstanding young people, by upskilling and formalizing them while they work from the start of their degree programs.
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University-certified degrees hold accreditation and recognition from statutory bodies like UGC (University Grants Commission) or AICTE (All India Council for Technical Education), ensuring they meet national educational standards and are widely accepted by employers.
Employers in India often prioritize candidates with university degrees due to the structured curriculum, rigorous assessments, and theoretical knowledge imparted, which are perceived indicators of competence and readiness for professional roles.
University affiliations and accreditations ensure that educational institutions adhere to established norms and standards, maintain quality assurance, and regularly undergo evaluations to uphold educational excellence.
University programs in India typically include a balanced blend of theoretical knowledge, practical skills development, and exposure to industry-relevant practices, preparing graduates with a comprehensive skill set for various career paths.
Degrees from recognized Indian universities are often acknowledged internationally, facilitating opportunities for further studies abroad and enhancing career mobility on a global scale, thereby ensuring credibility and recognition worldwide.
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