Future of students with offer letters

The people who are most affected by economic downturn are the student community because 95% expected to get placed in lucrative sectors of IT and manufacturing sector.The downturn or recession didn’t left any sectors untouched.It seems all are chain effects as industries are all interlinked.Still even after passage of 10 months students with offer letters are yet to be called by their companies to join them.Students have invested a lot of money in paying fees and coaching centres.Their ROI now stands nil.They don’t know when their companies will call them and all are in the state of confusion and disappointment.There are reports that students are now defaulting their study loans which they have availed from banks.Moreover their life has come to standstill.Some have formed unions.The condition of employees are still worse as they don’t know when they will be issued pink slips.I think the concept of bench will soon disappear in the industry.The retail majors who jumped into organised retail bandwagon with promising lakhs of employment opportunities are in dizzy state and downsizing their workforce to reduce expenditure.For students like us who are passing out this year the life is going to be full of thorns and future looks bleak.
.