Obama fears US losing competitiveness, future jobs to India

Washington, Sep 30 (PTI) The US has expressed concerns
about the decline in college graduations for American youth,
saying the nation is "losing" its competitive position and
"future jobs" to countries like India, which is spending
heavily in education sector.
"You saw countries like China, India and Brazil investing
heavily in their education systems and in infrastructure...
And where we used to be ranked number one, for example, in the
proportion of college graduates, we now rank number 12"
President Barack Obama said at a a public meeting in Iowa.
"So slowly all the things that had made us the most
productive country on earth were starting to slip away. And we
were losing that competitive position" he said.
Praising India, China and Brazil for "aggressively"
educating their children than ever before, Obama said the US
is facing tough competition from these developing nations and
"sooner or later" they will move ahead of it in exports.
"I mean, you've got countries like China and India
and Brazil that are really moving...They are exporting much
more than they ever were. And so we're having to compete at
levels that we didn't have to compete before."
With the decline in number of graduates, which is likely
to bring down the research graph, Obama feared that the US
will lose jobs to India and other developing economies because
they are trying to new resources for clean energy, a must in
the future.
"China, India, Japan, all these countries are thinking
about new ways to find clean energy, and if we're not the ones
who get there first in terms of figuring this stuff out, then
they're the ones who are going to get the jobs of the future,"
he said.
"And I don't want them to get those jobs. I want us to
have those jobs right here in the United States," the
President appealed to Americans.
Obama warned people that if US does not pull its socks up
to beat the competition from India, China, Brazil and Europe,
the nation will no longer be "land of opportunity" in the
coming two decades.
"I think even people who are doing okay right now are
anxious about the future of the country."
He held the previous regime responsible for the
educational decline in the US and said during George W Bush
reign the nation became less competitive internationally due
to which jobs, especially manufacturing ones, were shipped
overseas. PTI