AICTE grants approval for establishment of new technical institutions and starting of new courses in the field of Engineering and Technology, Management, Pharmacy, Architecture etc. At present the criteria for grant of approval for such courses is based mainly on infrastructure available as per the minimum norms prescribed by AICTE (Approval Process Handbook). However due to lack of information on employment potential for the proposed courses AICTE is giving approval and the students pass out from such Institutions/Branches of Engineering/Management/Pharmacy etc remain unemployed. At present, there is no mechanism available to find out how to estimate/forecast employment potential for any branch(s)/course(s) in Engineering/Management/Pharmacy etc on short term and long term basis by correlating data from various sources and formulating computer program/application using neural networks OR any other programming tools.
Development of Application Software to estimate/forecast employment potential of Graduates/Post Graduates in different branches/courses on short term and long term basis by correlating data from various sources could be useful for granting approval along with infrastructure and other facilities.
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