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While India needs IITs, IIMs and Medical Colleges, the real requirement is vocational training. After all, everyone cannot become an engineer, doctor, banker or lawyer.
 
In many European countries the universities are empty. In fact, they are free for anyone to join, but they run empty because very few students want to study there. The reasons are not hard to seek. University education does not necessarily prepare young people for life; also there is no guarantee of a job after University Degree.
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Theoretical knowledge as well as relevant practical application is becoming equally important. This way, business and trade gets quality manpower while the youth is learning a new trade on the job. The combination produces young professionals with world-class skills.
If there is an area where is a huge demand-supply gap, it is in the area of Computer Accountancy. According to a study by the Higher Education Department, by the year 2009, there would be an estimated shortfall of over 30,000 commerce graduates in West Bengal alone.
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