From an article in today’s NY Times:
“India still produces plenty of engineers, nearly 400,000 a year at last count. But their competence has become the issue.
“A study commissioned by a trade group, the National Association of Software and Service Companies, or Nasscom, found only one in four engineering graduates to be employable. The rest were deficient in the required technical skills, fluency in English or ability to work in a team or deliver basic oral presentations.”
The article also states that as a result of this skill shortage, salaries for engineers in India have been increasing at 10-15% per year.