"Let us not steal prosperity from our children and grand children.

Sandeep Parekh is a faculty at IIM, Ahmedabad writes in today’s ET:

“our education system is hopelessly inadequate to the task at hand and we are destroying tens of millions of lives of the future generation who are intelligent but for lack of proper education are unable to make a living. A recent survey says only 18% of all engineers India produces are employable even after a six-month company training. While we cannot dismantle the public education system (which has teachers with abysmal attendance record), given its vast reach, what it needs is accountability. At least in the cities, we must allow for- profit educational institutions to prosper and as a society, we need to stop shuddering at for-profit education. We have for-profit lawyers, for-profit doctors, why not for-profit educational institutions?”