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Why are 94% of engineering graduates not fit for hiring?

"The real stats is 94% of IT engineers in India are not fit for hiring. According to a study by employability assessment company, Aspiring Minds created a stir by claiming that 94 % of engineers in the country were not fit for software development jobs."

There are following reasons for the unemployment of engineers
Lack of Interest
Lack of Guidance
Lack of Motivation