The Indian Institute of Technology (IIT) Madras has witnessed a sharp rise in the number of final year students opting for deferred placments or placement holiday.
In a Placement Holiday or Deferred Placements students can opt out of placements and work on their own startups. If for some reason, the start up doesn't work out, students can come back and sit for placements. In most institutes, deferred placements varies from two to three years in most institutes.
According to reports, about 50 students from the final year batch has opted for deferred placements, as compared to 30-35 last year, said Manu Santhanam, faculty in-charge of placements at IIT Madras.
"Several of our students have opted out of the placement process for higher studies and some want to startup on their own," he told ET.
However, other IITs, including that of IIT Kharagpur and Bombay, witnessed no such trend this year.