Page 66 - EW November 2023
P. 66

Cover Story



         India’s citizens. For a nation with a
         population of 1.5 billion, the hand-
         ful of dollar billionaires we have are
         too few in number and even they are
         under siege from unrepentant social-
         ists who have destroyed the modest
         material aspirations of millions of
         midnight’s  children,  and  forced  the
         brightest and best into exile.
         S        ECONDLY, AS ADVOCATED

                  above,  the middle class —
                  especially the intelligentsia
                  — needs to  discover ways
         and means to eradicate public sector
         corruption and clean up the law and
         order machinery and justice deliv-
         ery system. Several learned  studies
         such as the Justice Malimath Report
         and the reports of 63 Law Commis-
         sions provide prescriptions, but they   Barefoot College solar engineer (right): living proof of entrepreneurial tradition
         haven’t received sufficient academy,
         media and middle-class support. Yet   who has any knowledge of it, despite   crore for investment in public educa-
         unless these initiatives are taken, capi-  EducationWorld having written two   tion. But although this schema (see
         tal flight and the brain drain will not   cover features detailing its out-of-the-  p.64)  has been personally sent to over
         stop. Especially since confronted with   box rural development model.  a dozen business leaders and eminent
         declining populations of working age   If provided access to  primary-sec-  economists inviting critique, includ-
         youth and adults, in their self-interest   ondary education of minimal global   ing trashing, not a single  response has
         OECD countries are rapidly shedding   standard,  India’s 260 million house-  been received.
         centuries-old racial and colour preju-  holds have capacity to  save at least     The conclusion is inescapable. With
         dices and are sweeping up the best   Rs.10,000  per  year.  This massive   their progeny comfortably ensconced
         entrepreneurs, professionals includ-  capital formation (Rs.2.6 lakh crore)   in  top-ranked private schools and
         ing academics, doctors, nurses from   could finance a plethora of infrastruc-  universities, establishment leaders
         developing countries.            ture and social welfare projects. It’s a   are not alive to the pathetic condition
           Although since India’s disastrous   shame that successive administra-  of government schools and higher ed
         Left turn plenty has gone wrong, the   tions in Delhi and the state capitals   institutions. For India’s unambitious
         abiding sin of the neta-babu brother-  — and panoply of the country’s much   business leaders, the country’s 430
         hood and establishment  was — and   vaunted economists who routinely   million strong middle class market is
         continues to be — conspicuous failure   grace the boards of IMF and the World   sufficiently large within which to do
         to provide anywhere near world-class   Bank — haven’t hit upon this national   business. They seem unaware of the
         public education from early childhood   development strategy and accord   late Dr. C.K. Prahlad’s seminal book
         to Ph D. It is the firm conviction, in-  mere lip sympathy to the issue of de-  Fortune at the Bottom of the Pyramid
         deed an article of faith of this writer   veloping the country’s abundant and   (2004) with most content to be big
         based on over 40 years experience in   high-potential human resource.   fish in a small domestic pond.
         development journalism, that provid-  It’s not that a formula to fund and   During your editor’s several years
         ed modest quality primary-secondary   upgrade the public education system   as  a  pioneer  business  journalist,  I
         education and our can-do entrepre-  is unknown. For the past decade,   often encountered businessmen who
         neurial tradition, he/she is endowed   coterminously with presentation of   deliberately limit the growth of their
         with capability to transform from pas-  the Union Budget, your editors have   enterprises after material needs are
         sive consumer into an active producer   presented a schema under which the   satisfied. Many did so because they
         of  goods  and  services  with  savings   Union government, that year after   didn’t want to attract the attention of
         capability. Barefoot College, Tilo-  year makes paltry provision for edu-  the extortionate neta-babu brother-
         nia, Rajasthan (estb.1972) is living   cation equivalent to 0.5 percent of     hood and their obedient “caged par-
         proof of this assertion. Yet rare is the   GDP (Rs.227 lakh crore in 2023-24),   rot” economic offences enforcement
         politician, bureaucrat or media pundit   can mobilise an additional Rs.7 lakh   institutions  (CBI,  Income-Tax  de-

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