The shift to services from manufacturing is the opposite of the direction that India desires for improved employment, productivity and growth. India's educational dividends are highly patchy. While education in general is meant to develop critical thinking, where and how does one acquire vocational skills? Emphasis on R&D, innovation and excellence is sought to be substituted mistakenly and inadequately by Jugaad. Exports have to be enhanced not through commodities but through value addition which currently requires imports. The rupee needs to appreciate not just be stable. The correlation between exports and a weak rupee has if anything has been negative. Neither East Asia nor China provides the right exampl.e to follow for growth in India's largely domestic economy