Annual skills survey India Skills Report 2022 was released.

Why in news?

• Annual skills survey India Skills Report 2022 was released by Wheebox, a talent assessment platform, with AICTE, Association of Indian Universities, Confederation of Indian Industries, and other agencies.

About India Skills Report 2022

• The theme of this edition is Rebuilding and Reengineering the Future of Work.
• According to it, Maharashtra, Uttar Pradesh, and Kerala have the highest pool of employable talent in the country.
• The study revealed that 46.2% of the youth were considered highly employable resources.
• The study also found out that Pune is the city with the most highly employable resources with 78% of the test takers scoring above 60%. This is followed by Lucknow.
• On the demand side Software, Pharma, Internet Business and BFSI emerged as the highest pool of talent demand.
• A higher percentage of women than men have been found to be employable in India yet again, according to the India Skills Report 2022.
• It also says that the sectors in which the most hiring will take place are IT, pharmaceutical, e-commerce, and banking, financial services and insurance (BFSI). These sectors are expected to hire 20 per cent more fresh graduates in 2022 than in 2021.
• This year’s report is based on responses gathered from an assessment of 3 lakh candidates across India who took part in the Wheebox National Eligibility Test (WNET), and a report from the India Hiring Intent Survey that covered 150 corporations spanning more than 15 industries and sectors.
• It says the pool of employable women is steadily increasing. This stands at 51.44 per cent for 2022, compared to 41.25 per cent in 2021. The 2022 figure for men is 45.97 per cent, against 34.26 per cent in 2021.
• According to the 2022 report, 46.2 per cent of skilled youth overall were found to be highly employable, compared to 45.97 per cent in 2021.
• In a new trend that has emerged this year, 88.6 per cent of graduates were found to be seeking internship positions within organisations.