GDP, IT, Education, and India - scary statistics

Some new numbers and statistics..... (Is it brain drain or is it there's not enough jobs for educated people in a farming economy. Only 3% of Indian GDP comes directly from IT sector. Of course these are 2003 numbers and India is changing very dramatically. A feb 2007 article estimated that Indian economy will hit over $1 Trillion as soon as 2008. 2006 numbers with nearly $800 Billion. http://www.iht.com/articles/2007/02/25/business/rupee.php ) Also got recent numbers on GDP by sector 2005: I am glad to see agriculture is seriously down from even 5 years ago when it was still enormous part of the GDP. agriculture: 18.6% industry: 27.6% services: 53.8% There's another sad statistic (60% of the Indian population is dependant on agriculture which presents 18.6% of GDP) With only 4% of the educated Indians driving so much growth in India..I wonder what would happen in India invested more than it does in infrastructure and education. Comparison numbers: Investment in Education India 2.5% US 7.9% College Educated Population India 4% US 27.7% ___________________________________________________________ Source: http://www.businessweek.com/globalbiz/content/nov2006/gb20061102_285971.htm This article is from 2006 and ran in businessweek. Only 4% of Indian population has a college degree. Contrast that with the Indian American high numbers of education in my prior post!!! http://beautytobe.blogspot.com/2007/03/desi-pride.html Keeping India Poor "And then there's the other India of some 800 million in big cities, medium-size towns, and villages. They are promised everything by some 70 or more political parties in a continuous democratic exercise at the polling booth in numerous and shifting vote-getting political alliances. This is in a country where only 1.5% of women have college education and which has a gross underinvestment in education. " "This group has demonstrated what a mere 4% of the population with college education can do in a short period of less than 20 years of lower taxes and a more open economic system, when allowed to be entrepreneurs, innovators, and professional competitors inside India and to function around the world as exporters, importers, manufacturers."