The last 15 years has seen an astronomical rise in the number of students admitting themselves into engineering colleges, from about 5 lakhs in 2005 to about 24 lakhs in 2015-16. However, the number of jobs has largely stagnated or fallen.
The best year for engineers was the pass-out batch of 2006-07 (82% placed) exactly 10 years ago. This was the batch that got into colleges in 2003-2004. At that point, the number of seats offered for engineering was almost on par with aspirants looking for jobs. It was the year when the tech/software companies were flying high. As the engineering institutions tasted success, they started expanding.