Could education be one of the four horsemen of India’s potential economic apocalypse?
In Chapter 5 of this year’s Economic Survey, tabled in Parliament on Monday, Chief Economic Adviser Arvind Subramanian lists four factors that could stall India’s push to catch up with the world’s developed economies. One factor is the creation of human capital, or, in the survey’s definition, people capable of doing the jobs on offer.
Here is how it stands: around 40% of children in Classes 3 to 8 cannot complete a reading or subtraction test prescribed for...