Is college education still worth it in India as AI reshapes jobs market?
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India's college education system is facing a crisis as AI reshapes the jobs market, with a shrinking premium on college degrees and an oversupply of graduates. The country's growth model, dominated by software services, is being disrupted by AI tools that can write code and find bugs, threatening entry-level positions.
India has the world's largest youth population, but its college education system is struggling to provide relevant skills. The premium on college education is shrinking, and AI could further narrow the gap. Many graduates are finding it difficult to secure salaried positions, with only a third of the 5 million graduates coming out of colleges every year finding stable jobs. The country's manufacturing sector is underdeveloped, leaving graduates with limited options. The rise of AI is exacerbating the problem, with thousands of jobs lost in the tech sector. Young people are starting to opt out of higher education, seeking alternative ways to supplement household income.
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