Among the G-20 countries, India not only has lowest educational indicators, but the public education system is also poor when compared with other BRIC countries and some of the emerging market economies. In 2009, World Bank expressed the view that acute shortage of skills especially in the area of civil engineering shadows the growth prospects of the Indian economy.
With a price-to-book (P/B) ratio of less than one, the stock market seems to be sending us a warning about the impact of "chronic and common" stresses (Chart 3).7  III.