Let's see how crazy the situation is.
- BE graduate fresher salary in 2010: 25k
- 25k adjusted for inflation for 2025: 1.50L (considering a realistic 13% inflation rate adjusted for city life + INR depreciation) This is what the fresher salary should be in 2025.
- But current fresher salary in 2025: 30k
- Today's 30k adjusted for inflation for 2010?: 5k
Todays, freshers out of engineering colleges have a purchase parity equivalent to a society watchman of 2010.
Figures like these would have anyone sprinting to get a robotic Vasectomy!
Infosys was recruiting Bsc/BTech Computers freshers in 2011 by paying them 25k per month and in 2025 its 40k. Do you expect Infosys or Polaris or Microsoft to pay 1.5 lacs per month for freshers just because they were paid 25k in 2010.
Oh boy your expectations seems to be very high even higher than average Amercans expectations.
I didn't say anything about Govt jobs. Not everyone is crazy for Govt jobs. I certainly am not. I deserve better.
I wasn't talking about surgeons using some sophisticated tools.
You are saying not everyone is crazy for govt jobs right. About deserving better means better pay right? Do you know about Mr.N. Saibaba former Chairman and Chief Executive of the Nuclear Fuel Complex (NFC) in Hyderabad, India. About the 8 women scientists who were responsible for Chandrayan 3 Moon Mission of ISRO and when they started their careers? Between 1987-2003. When was the 1st Indegenously developed Micro Nuclear reactor? In 2003 but it took us 13 more years to streamline it for use in our Nuclear Submarines. Then how much are these women and men in PSUs were paid when they joined in 1987-2003? Around 18k starting salary. Now each scientific assistant under probation are paid 45k per month and after probation 86k per month. Do you think this is not sufficient for a starting salary in a PSU? And what are the qualifications and where did these 8 women completed their degrees before joining ISRO? Not in IITs but normal engineering colleges.
Yet you want more salary not content like the crores of such people who are joining PSUs and making India proud.
As of 2024, these are the statistics:
Out of the 58.6 crore employed individuals, 15.2 crore hold jobs in the organized sector (both public and private)
Government jobs account for 1.4 crore positions, which is only 2 out of every 100 jobs in the organized sector
There are 30.87 lakh employees in the central government
The number of state government employees amount to 20 crores for all states & UTs combined
Government jobs are known for their job security, with very low chances of layoffs compared to the private sector
The competition for government jobs is very high, with only 1.4% of the working-age population securing a government job
There are over 9.64 lakh vacant posts in the central government right now
The government has been actively recruiting, with 7.22 lakh permanent central government jobs in the past eight years, and over 22 crore applications received
Department of Atomic Energy which comprises of 15 departments has 85 units under it actively recruits 10,000 people every year
Despite the boom in the Indian economy, many young Indians still hanker for government jobs
What about other PSUs? How many people are they recruiting per year?
You crticize that India and Indian companies does not have the capability to develop anything new and support any projects right?
Then what about Defence Aquisitions and Indegenisation?
India has set a defence export target of Rs 350 billion by 2024-25. This drive for increased exports aligns with a significant emphasis on the indigenisation of weaponry and systems.
These include imposing phased bans on the import of weapons, creating a separate budget for buying locally made military hardware, increasing foreign direct investment from 49% to 74%, and improving ease of doing business.
India is eyeing a turnover of Rs 1.8 trillion (tn) in defence manufacturing by 2024-25 & 3 trillion in defence manufacturing by 2029-30.
On 4 October,2024 India slapped an import ban on 98 weapons and systems, including futuristic infantry combat vehicles, ship-borne unmanned aerial systems, medium-range precision kill systems, radars, sensors, and equipment for fighter jets, maritime surveillance planes, warships, helicopters, and tanks.
The fifth positive indigenisation list, released by Defence Minister Rajnath Singh, took the number of major defence items placed under an import ban during the past three years to 509.
Which Companies Manufacture Defence Equipment in India?
Below are the List of companies that supply parts to missile systems across the world
Bro
You know my brother works for a coveted private firm which supplies parts to BDL who makes Agni 5 missile. Do you think he is not happy or feel that his job is not derserving enough but he is happy and does his duty without moaning about less pay by comparing it with US or european companies. You are speaking highly of china and its prowess now but when they attack us or even show the intention to this very Agni 5 is our bramhastra or our deterrence. And who made it possible? Not IT sector buddy. Remember this.
IT sector is not the begining for us nor is the end for us. Its just a part of revenue generation for our economy. And also there are other sectors which will emerge and take a big portion of the present youth. Like Isreal presently are asking for nurses from India only and they are saying that they will pay handsomely.