India: Amid COVID-19, Bihar Engineering Students Receive High Salary

Engineer recruits undergo training. Photo for reference only.
Image Credit: Bloomberg

Patna: Amid growing unemployment in India due to the COVID-19 lockdown and subsequent restrictions, students at an engineering institute in Bihar received attractive salaries from companies, which encouraged them.

The attractive packages offered to the students of the National Institute of Technology (NIT) left them in the new cloud with 60% of them obtaining a placement in the current year. Computer science student Mankirat Singh, however, got the maximum package of Rs3 million per year. This is so far the maximum package offered to any student at this Patna institute, officials said.

Over a dozen other students have also been offered handsome salaries at this critical time. They include Mohnish Satidasini (Rs 2.31 million), Shivani Singh (Rs 2 million), Sakshi Sinha (Rs 1.93 million), Aman Bharti (Rs 1.66 million), Saket Srivastava (Rs 1.6 million Rs), Rishabh Raj (1.6 million Rs). 6 million) and Payal Khatari (1.45 million rupees).

Officials said PayTM hired 41 students while Delite hired 43. The average package offered to students was Rs 11 million. In total, 61 companies have expressed their interest in the placement.

“The placement rate in 2021 is better than last year. We are very happy to see the students hired and to be offered attractive salaries, ”said Shailesh M Pandey, Head of the Training and Placement Unit, on Saturday.

Students at the Indian Institute of Technology (IIT), Patna, were also lucky enough to receive attractive job offers this time around. Officials said students in the BTech batch bagged 34 pre-placement offers up from 19 last year, registering a significant increase of 78.94% for the 2021-2022 academic year.

The maximum compensation package for pre-placement offers (PPO) was 5.45 million rupees, while other top-rated offers ranged between 2.5 million rupees and 5.3 million rupees. The average package of PPOs received so far is around 2.4 million rupees per year. Officials said Google offered the PPO to 6 students in the IIT Patna class of 2022, which is a great achievement for the institute.

According to the Indian Economic Monitoring Center (CMIE), the national unemployment rate fell from 6.95% in July to 8.32% in August. Likewise, urban unemployment rose by almost 1.5 percentage points to 9.78% in August, from 8.3% in July, 10.07% in June, 14.73% in May and 9, 78% in April.

The CMIE report says the number of people employed rose from 399.38 million in July to 397.78 million in August, with nearly 1.3 million job losses in rural India alone. India has faced a tough job scenario in recent years and the COVID-19 outbreak is blamed for it.

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