These days industry is receiving STEM graduates well. STEM stands for Science, Technology, Engineering and Mathematics. All STEM professional’s are not on par. Alumni of elite premier institutes such as IITs, NITs, IISC are very well-received here in India, but they go abroad for better prospects.

The quality of STEM education in India is not uniform. Top tier institutions do maintain standards. Many institutes have poor standards, outdated curricula, shortage of faculty. Management of these institutes are interested in commercializing education.

India produces 15 lac engineering graduates a year, of which only 2.5 lacs gets worthwhile employment. As against this, US produces 70000 engineers annually. The starting salaries for engineers there is $50000-$70000 per annum. The salaries increase and keep pace with the cost of living. By 2020, the average salary of engineers in the US hovered around $70000-$100000 per annum. The salaries are higher in Silicon Valley. In India, the salaries for the last two decades are Rs.2.5 lac to Rs.3.5 lac per annum. It is sheer exploitation. Most of our engineers are underpaid and underemployed.