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Today if anyone talks of globalisation, it is on Indian and Chinese terms. The axis of power has shifted and the West is in terminal decline, or monotonically declining, for those who are mathematically inclined. When the West is in decline on all fronts and when its Weltanschauung is not being bothered about, what is the necessity for India to try to copy their educational system? It is broke from the financial point of view as well as the philosophical one. Their models have not worked, including their family system, community system and social security system. Even their church has suffered due to therecent outbreak of scandals. This is one reason why Martin Wolf of the Financial Times suggests that Britain should give up its permanent seat in the Security Council in favour of India. It is up to our Parliamentarians to decide what India wants and what they would like to leave for the future generations. One only wishes that some Gandhian institution will distribute copies of the original Hind Swaraj of Mahatma Gandhi published hundred years before to our Parliamentarians to understand that we are proud children of Nalanda and Taxshila. (Views expressed are personal)