There can be no growth without education.

We can rejoice. The great sage of India, Montek Singh Ahluwalia has seen bottom. He now expects great growth in the economy. But he does not say how. A report by PeopleStrong, a human resource company, says that jobs will increase by a mere 1.4% next year. The good news is that the skills of the those joining the labor force have improved, the bad news is that only 34% of them are employable. A previous study found that only one in four was employable. India turns out more than 4 million graduates every year of which more than one million are from professional colleges and 600,000 are engineering graduates. That is not surprising when this government has criminally ruined education by banning examinations in schools and guaranteeing promotion to a higher class for all students. This was done because the Congress levied a new tax on the middle class when it passed a Right to Education Bill which forces private schools to reserve 25% of seats for poor children. Most of these children would have illiterate parents who would not be able to help them with their studies at home and would fare badly in examinations. So no exams. What this has done is to give a permanent holiday to teachers because now they have no need to teach anything because no one can judge what the children know. Programme for International Students Assessment tests 15 year old children in reading, maths and science. In 2009 India came 73rd out of 74 countries, just above Kyrgyzstan but below Trindad and Tobago with a population of just 135, 000, less than that of a small town in India. So the Congress did not allow any child to appear in the test in 2012 and has said that India will not participate in 2015 either. Not only that the Congress has cut the education budget by Rs 40 billion to reduce fiscal deficit which has ballooned because of the wasteful social programs. After all children do not vote, do they? On the other hand a report by Credit Suisse says the 3,600 top companies in India have a debt of $400 billion and have difficulty in paying back because of the fall in the value of the rupee. 80% of loans are in companies which have not paid any interest in 4 quarters in the last 2 years and 26% in companies that have not paid interest in 8 consecutive quarters. Robbing our children to fill their own pockets. Wonderful.