Post on 08-Sep-2014
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By:Marion M.
By:Marion M.
1990-Present Day
India’s Cultural Revolution
Before the RevolutionPre 1991
Before the RevolutionPre 1991
Barely functioning services
Government denied business requests
Low wages Success=going overseas Best educated Indians
left India Job for life Women depend on
family/husband for money
Barely functioning services
Government denied business requests
Low wages Success=going overseas Best educated Indians
left India Job for life Women depend on
family/husband for money
60%
Of college graduates found jobs
Economic Revolution Economic
Revolution 2005 83,000 millionaires 1.2 mill “well-off”
households 40 million households
making $4-10,000 10% annual increase
2005 83,000 millionaires 1.2 mill “well-off”
households 40 million households
making $4-10,000 10% annual increase
•Greater opportunity for college graduates
•Don’t have to worry about college graduates
•Individuals and government bringing in more money
True Story: Stawan KadepurkarTrue Story: Stawan Kadepurkar
Electronic Engineer ($1,500)
2 yrs later- infosys ($5,000)
$20,000 $40,000 Story is the norm,
nothing rare Buy car, house
Electronic Engineer ($1,500)
2 yrs later- infosys ($5,000)
$20,000 $40,000 Story is the norm,
nothing rare Buy car, house“Colleagues are getting more and more ambitious in terms of what they want to do in life”
“When we were in college, I don’t think anyone dreamed that we would be doing it so early in life”
Shift in CultureShift in Culture
Different world than their parents and older siblings
Land of prosperity & opportunity
Modern, up-to-date
Different world than their parents and older siblings
Land of prosperity & opportunity
Modern, up-to-date
India Joining Global EconomyIndia Joining Global Economy
•Outsourcing
•Participating in global economy-$$$
•Customs shifting/transforming
•No isolation
Outsourcing:Outsourcing: •Technology companies-3 million jobs
•Work for American companies in India
•Keep global economy running smoothly
“People who are taking away American jobs are been 1/10 of what Americans are paid, but have fantastic living standards in India”
“Outsourcing has shown we can compete in the world and win said Mr. Nilekani, CEO of Infosys”
The Bad and the GoodThe Bad and the GoodTHE US: Taking away
American jobs Taking away
consumer’s trustINDIA: Low wages
THE US: Taking away
American jobs Taking away
consumer’s trustINDIA: Low wages
THE US: Helps American companies
Low wages Efficiency
Western influence and consumption spurs demand
US exporting way of life
INDIA: Creating more jobs and
better lives Indians are demanding
more Staying/moving back to
India
THE US: Helps American companies
Low wages Efficiency
Western influence and consumption spurs demand
US exporting way of life
INDIA: Creating more jobs and
better lives Indians are demanding
more Staying/moving back to
India
Women in IndiaWomen in India
•Experiencing greatest changes
•Working more
•Marrying later in life
Nina Sharma famous among
Indian women
Lower Class Left OutLower Class Left Out•Rural and Urban poor waiting for change
•Social/Political tensions
•Villages waiting for change-70% population Lives
•No electricity, running water
•Separated from New India
•Not enough jobs
Poverty Levels and ProblemsPoverty Levels and Problems
The majority of Indians are poor
Don’t attend college Don’t have the same
opportunities
Millions of poor Indians have become more stable
Shacks/tiny houses
The majority of Indians are poor
Don’t attend college Don’t have the same
opportunities
Millions of poor Indians have become more stable
Shacks/tiny houses
Daily Income in India
Less than $1
Less than $2
15%
Of students reach high-school
60%
Graduate
“First-time visitors find the poverty in Dharavi as appalling as foreigners found the sight of America’s underclass, broadcast worldwide when Hurricane Katrina flooded New Orleans”
“The frustrating thing is that whatever you rightly say about India, the opposite is also true”
“Living in what seems an era different from that of their own countrymen in Bangalore”
Remaining Problems:Remaining Problems:
Problems are masked High child mortality rates Caste based
discrimination Religious strife Birth of females Can’t let go of traditions Early marriage Dowry murders Infrastructure
Problems are masked High child mortality rates Caste based
discrimination Religious strife Birth of females Can’t let go of traditions Early marriage Dowry murders Infrastructure
New Infrastructure:New Infrastructure:
•Lack of transportation between villages and cities
•Food spoiled before reaching markets
•Government is spending more and more money to fix this
•Highways, roads, and airports are being built
•Connect factories to farms
Predictions for the FuturePredictions for the Future
By 2030…•Most populous nation
•World’s third largest economy
•Largest workforce in world 68% of citizens at working age
•Major population dividend By 2050•1.6 billion people
Population dividend could pose a threat if govt. doesn’t…•Create more jobs (crucial)
•Modernize infrastructure
•Reform economy
•Connect with world economy
•Master politics of the poor-make up most votes
•New factories
•MUST PULL MILLIONS OUT OF POVERTY
Works CitedWorks Cited
Meredith, Robyn. The Elephant and the Dragon. The Rise of India and China and What it Means for All of Us. New York: W.W. Norton & Company, Inc, 2008.
Meredith, Robyn. The Elephant and the Dragon. The Rise of India and China and What it Means for All of Us. New York: W.W. Norton & Company, Inc, 2008.