There was a time, not long back, when the ‘American Dream' was shared not only by Americans but just as fervently by many ambitious students back here in India too. Getting an MBA from a good university abroad and using that as a starting point to get a job in that country was the norm. Well, that dream seems to have been shattered. And the sorry state of the US is now forcing many into realising the potential back here in India. An Economic Times report gives some perspective on the situation. According to a University of California study that surveyed 1,224 foreign nationals from India, China and Western Europe, almost 86% Indian students and 74% of Chinese students believed their home countries' economies will grow faster in the future than they have in the past decade. And with that, many students are either looking homewards, or have already come back to India. Looks like India may not have to contend with a brain drain problem again for a long time to come.
Look at government inefficiency, food prices have galloped at an alarming rate over the last few months. Some blame it on the poor monsoons. Some blame it on hoarding by greedy middlemen. In my opinion, the government unknowingly itself is a massive hoarder. As per a report in a financial daily, the stock of rice and wheat in government granaries is way above the minimum requirement. Sadly, much of this excess stock is stored in the open. It either rots or feeds pests. In my view, this is a national shame. We cannot get the basics right in such a crucial area when food prices are spiraling out of control and millions of Indians still go hungry. Such stocks should be stored properly and released in small lots to stabilise prices.
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