Fewer IIT and IIM Graduates Launch Startups as AI Jobs Attract Talent
Published
Fewer graduates from India's top engineering and management institutes are starting technology companies this year, according to new figures. Between January and August, only 79 alumni of the Indian Institutes of Technology (IITs) and 20 alumni of the Indian Institutes of Management (IIMs) launched new tech startups.
The numbers are much lower than those for the same kind of comparison, when 307 IIT graduates and 71 IIM graduates were recorded as startup founders. The change suggests that many young graduates are now choosing other paths. Jobs in artificial intelligence (AI) appear to be especially attractive, as companies across many industries look for people with AI skills.
This trend comes at a time when startup activity in India is growing. The country has one of the largest startup ecosystems in the world, with new companies being formed in areas such as software, finance, and healthcare. Although overall startup activity is rising, the data show that fewer graduates from elite institutions are becoming founders themselves.
The shift raises questions about the future of entrepreneurship in India. Some experts may see it as a sign that talented graduates prefer stable salaries and career growth in large companies. Others may view it as a temporary change in a fast-moving job market. Further data will be needed to show whether this pattern will continue in the coming months.
Sources: The Economic Times
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