Economy, Education & Environment

Neither I am a Finance expert nor I am a Management guru. In fact I would be the last person from whom you would ever dare to take any financial advice. Also I have no interest what so ever in understanding these financial jargons like "Liquidity", "Capital", "Credit"....bla bla bla

I often hear people saying that Economy is plunging, Market is crashing, Banks are going bankrupt, Companies are laying of their employees and what not.

The big question here arises whom to blame? I know each one of you has their own set of rules and theories. Like ways I have my own. But don't worry I won't bore you. I would keep it short & simple. I will just tell you the root cause of the above mentioned crises and leave it to you to figure out the details.

There are only two reasons as far as India is concerned:

• Lack of quality education that can provide practical knowledge.
• Our ignorance towards environment.

I think education in India has lost it' s charm. Now it's more of a business. We just want to clear the exams, get a degree and then secure a job. We are least interested in applying our knowledge. To make the situation worst there is reservation category & quota system even for prestigious institutes like IIT. What it all leads to is that industry fall shorts of technically sound people and majority of us end up becoming managers. We have more people to monitor & manage the work of the people who actually work. Students these days miss that extra punch and the extra metal. When Jet laid of it's employees why did the employees took the situation to road and made scene out of it. The reason was that they didn't have the faith on their abilities. I still feel what Jet did was right.

Coming to my last point, over past few years we have gone just too ignorant about the environment. We cut trees, we waste water but we more worried about economy. As the old Indian saying goes: Only when the last tree has died and the last river been poisoned and the last fish been caught will we realize we cannot eat money.

So unless we act with more responsibility and try to save our nature neither can we save economy nor can we save ourselves.

Cheers,
Parag