'... for two reasons: the poor quality of education, and the low rate of female participation in the labour force.' 'Unless something is done quickly to remedy these problems, India will just have a large population of low-skill, low-wage, males trying and failing to feed their families adequately.'

Ajit Balakrishnan, chairman of the board of governors, IIM-Calcutta, and CEO, rediff.com, gave the Convocation Speech at the Indian Institute of Management, Calcutta on April 1, 2007. The speech is reproduced here.