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“An idea whose time
has come again: Maybe it will take a little longer than
2040 to fulfil Goldman Sac h’s
prediction that the world’s ten biggest economies, using market
exchange rates, will include Brazil, Russia, Mexico, India and
China. But these are arguments about when, not whether, change will
happen. And things could speed up…This shift is not as extraordinary
as it first seems. A historical perspective shows it to be the
restoration of the old order. After all, China and India were
the world’s biggest economies until the mid-19th century, when
technology and a spirit of freedom enabled the West to leap ahead….
There are weaknesses in some growth stories. China’s population is
ageing and India’s schools are rotten….”-
The Economist,
September 16, 2006.
“A few years ago, I predicted that the time would come when a
person’s wages and standard of living would no longer be determined by
the country they live in, but instead would be a result of the
education they have had. Today we start to see this vision becoming a
reality in India. The challenge is to extend progress and opportunity
to every section of society and every corner of the nation. If
government, business and non-profits continue to work together to
bridge the digital divide and enable India to realise its potential to
become a creator of intellectual capital. I believe you will truly
become a nation where everyone has the opportunity to achieve their
potential.” – Bill Gates, Outlook, 21 August 2006
Both the above quotes show that India definitely has potential to make
it to the top, but this depends largely on the quality of education.
The 8% growth-rate has become a way of life for Indians… Reforms have
pulled millions out of poverty and misery… If we can achieve a 10%
growth-rate in the near future, most of the poverty will vanish… How
do we plug in the leakage of 2%??? It’s the crumbling infrastructure
and the rotten education system, stupid… |
