Over 92% Indian universities believe that degree apprenticeships are more beneficial- Education News
Over 92% of universities and Higher Education Institutes (HEIs) in India stated that degree apprenticeships are more beneficial for university students than regular degrees in order to meet the demands of the 21st century workplace.
70.16% of these believed that with the introduction of new apprenticeship programmes, there has been a significant increase in the demand for hiring apprentices and India will have more than 10 million apprentices in the next 5 years.
In its new report titled “Future of Apprenticeship in India” by TeamLease EdTech that was released on Monday, it looked at the evolving degree apprenticeship ecosystem in India and found that while 1.2 crore students graduate every year, only 35% of these students are actually employable enough to join the industry and 62% of the respondents stated that apprenticeships have created a sustainable cycle of learning by enabling students to earn while they learn. India currently has about 0.5 million apprentices, who are employed in various sectors which is in contrast to Germany’s 1.3 million, UK’s 0.71 million, and USA’s 0.63 million revealing the potential this has in skilling the 10 million youth entering the workforce every year.
The National Education Policy 2020 has also laid the foundation for more universities to come forward and launch degree apprenticeship programs. With only four to five universities offering degree apprenticeships in India at present, there are close to 63,000 active degree apprentices currently. With more universities coming forward, the number of employable apprenticeship aspirants is going to significantly increase. According to the findings of this study, 70% of universities and HEIs believe that with the introduction of new degree apprenticeship programmes and a significant increase in the demand for hiring apprentices, India will have more than 10 million apprentices in the next five years.
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