Everyone today has an Engineering Degree and MBA. The are private colleges opening at the rate of 10 a day run from 2 bedroom houses which are handing degrees like there is no tomorrow.
Unless govt curbs the ever growing number of unregulated colleges, graduates in the future will not be able to find jobs based simply because everyone will have a degree.
There are hundreds of fake colleges in AP/Karnataka/Maharashtra handling out fake degrees. Even H1B visa in US is being misused by such people and it hurts the efforts of genuine Indian and other International students.