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The current employment scenario is nearly appalling. Over 5.5 lakhs graduates pass out every year, and employability of these graduates in the IT industry is 25% (in the year 2005 it was 24%). 40% of the Graduates are still Unemployed even after 1 Year from graduation. 26% of the Graduates are still Unemployed even after 2 Years from graduation. 15% of the Graduates are still Unemployed even after 3 Years from graduation. India's 60 Billion Dollars IT industry is spending nearly 1 Billion Dollars annually in training hired graduates, due to the lack of employability skills in them; the reason being lack of awareness of these employability skills, and of its utmost importance as a means of getting the right job. 
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