lucknow when giants like iims are apprehensive about their placements due to global economic recession comparatively smaller institutes fear worse in coming daysbe it the management courses in the lucknow university lu or technical colleges like institute of engineering and technology iet everywhere faces are grim while students are worried about their future teachers are busy assessing what impact the recession would bring in the indian economy the basic question is how such a large number of students graduating every year from the educational institutes will get jobsaccording to initial assessment the economic slump would dent the banking finance information technology and tourism sectors the most whereas the impact would be limited in the mechanical electronics civil and instrumentation branches of engineering already only 15 per cent of the graduates from technical and management institutes of up barring iims and iits are found to be employable in various studies because of poor quality education the recession now will aggravate the situation furtherrajiv agarwal a final engineering student opted for information technology it when he took admission to the btech course four years ago at that time it was going great and only toppers used to get the branch but now we have come to know that jobs will be drastically cut in the it sector due to this recession he said rajivs concern is not only how to get a job after graduation but also a decent package so that he can repay the loan taken for educationthere are over one lakh students enrolled in various courses in over 400 technical and management institutes affiliated to up technical university around 15000 students graduate every year the problem of placement would be more in the private institutes which have mushroomed all over the state the pinch would be lesser in reputed government institutes like iet and hbtiprof vk singh iet said that meritorious students will get jobs in all the branches but the main problem will be for the middle rung and poor performers but then we have faced similar problems in 20002002 when companies refused to recruit students after campus placements citing economic recession at that time he said this time he added it is predicted that recession would continue for next 45 years but i am sure things will revive and hope that the impact of the slump would be a mild one in india he saidthe global recession if continues will definitely cut jobs particularly in banking and insurance sector where our students were getting maximum placements in recent years said jk sharma director institute of management sciences lucknow university which runs 12 management courses in various disciplines such as business administration ebusiness tourism management retail management international business finance management human resource etcnearly 720 students graduate from these 12 courses every year the pay packages offered are between rs 36 lakh per annum often placements are not 100 per cent situation had improved in last couple of years but now global recession has left students worriedsharma however