Pranay Karkale, a first-year graduate student at Johns Hopkins University from Nashik, India, stands at the university's campus in Baltimore on Sunday, Feb. 18, 2024. Karkale is working toward his Master of Science in engineering management.
India’s economy is growing, but joblessness remains persistent even for college graduates. Jobs are being created in fields such as construction and agriculture, but they don’t meet the demands of a newly educated workforce, said Rosa Abraham, an economist at the Azim Premji University. Lokesh Sangabattula, who is pursuing a Ph.D. in materials science at MIT, is among many hoping to land jobs inside the U.S. There’s little demand for materials scientists in India, he said, and at best he figures he could become a professor. It’s a similar story for engineers, which India generates in huge numbers without the industry to employ them.Universities in Canada, Australia and the United Kingdom also are seeing surging interest, but none more than the U.S.
Still, for the vast majority of India's young people, an overseas education remains out of reach. The cost of a U.S. education is a fortune for most, and Indian banks have scaled back on student loans in response to high default rates. Cheema, 22, hoped to gain work experience in the U.S. before returning to India to support her family. Her parents, who own a gas station in the northern Indian state of Punjab, were going to pay with their savings.
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