Should our education system only focus towards the needs of the employment sector ?

Background:-Recently there has been a lot of arguments that the large part of Indian youth after education are barely fit to carry out  the jobs without a year long training, as they lack the necessary education and  skill set that make them employment ready.Should education system only focus on employment only or should it diversify and cater to not only needs of employment but also enhance the platform where education is for education sake such as research etc.Analyze and suggest a way forward.

Provide your answer/perspective in the comments section.