Tuesday, December 27, 2011

Demographic and literacy nightmare

"Con"gress priorities lie with the dynastic politics and never was intended for the country. Although we are saddled with various ministries but unfortunately there has been a total paralysis of decision making.

We are sitting over a huge bombshell of demographic nightmare. The biggest problem associated with the explosive population growth is lack of employment opportunities for the young. With increasing life expectancy, increasing retirement ages and shrinking Government largess (more and more people are being hired on a contractual basis), real incomes are set to decline in the face of raging inflation.

All this comes in face of "employable" candidates. Given the falling standards of education, this has come a blow to Indian companies looking for a "pool of talent". I don't have authentic figures but have heard enough spine chilling stories of promised salaries not being honored after campus recruitments, substantial "re-training" costs and generally pathetic support infrastructure. Although Indian showcase companies like Wipro and Infosys turned into glorified sweat shops leveraging their "low cost advantage" (and turned billionaires), most of them are increasingly outsourcing their "outsourced back room jobs" to other economies.

Our honorable minister is busy launching new age tablets and underwriting the huge costs of this project with public money which could have been used to construct public schools with separate bathrooms for boys and girls, provide better salaries to primary school teachers, recruit better trainees and supplement chalks and blackboards. But all these non sensical issues don't look good in promos hence these inanities.

We truly get the Government we deserve.
Sent from my BlackBerry

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