Another quick fact: South America produces three times the food it consumes. And another: Brazil's per capita GDP is nearly 4 times India's. Brazil can feed and educate everybody. The fact that it doesn't (at least the feeding part is already fixed) is more related to bad government than to lack of funds.
Micro loans for small businesses? OLPC? English lessons in rural villages? Subsidizing cheap public transport to far flung areas that the quickly aging infrastructure doesn't properly service?
How dare you propose such luxuries when children are starving on the streets!!
Quick fact: the Indian government can allocate all of their budget to Feeding Poor Children and there would still be plenty of malnourished kids begging on the streets.