Fall behind in the tech race with the chinis and we lose markets and gdp, and get stuck in lower middle income trap.
I think we already are behind the curve and the gap will never be closed if the current situation continues.
Going by what I see Even Tier 3 colleges in China are producing research papers and patents. I would like to mention actual research papers on new niche tech unlike ours where 90% of the research papers are copy paste or modified derivative of already available research papers, saying this because I have seen it first hand in even the most prestigious colleges.
Other than that there is a lack of courses curated for modern demand like Modern Urban Planning courses in Civil engineering. Courses like RCC, Strength of Materials, Fluid Dynamics are covered in the 1st and second year but the third and fourth year meant for diversification into interest is totally wasted to certain extent. I can go as far as to say course need to get a lot more hybrid like offering a course exclusively on Pedestrian Infra Design Philosophy or HVAC design.
There are multitude of issues but I will again sound like a broken record and this isn't the right thread for this kind of issue so I limited my post to Civil engineering.
Bahut bura hal he and people aren't recognizing it