Indias Cultural Revolution (2)
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Indias Cultural Revolution (2)

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This is a PPT on a chapter from The Elephant and the Dragon by Robyn Meredith presented to the McGehee School economics' class in New Orleans.

This is a PPT on a chapter from The Elephant and the Dragon by Robyn Meredith presented to the McGehee School economics' class in New Orleans.

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    Indias Cultural Revolution (2) Indias Cultural Revolution (2) Presentation Transcript

    • By:Marion M. 1990-Present Day India’s Cultural Revolution
    • Before the Revolution Pre 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
      60% Of college graduates found jobs
    • Economic Revolution
      • 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 Kadepurkar
      • 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 Culture
      • Different world than their parents and older siblings
      • Land of prosperity & opportunity
      • Modern, up-to-date
    • India Joining Global Economy
      • Outsourcing
      • Participating in global economy-$$$
      • Customs shifting/transforming
      • No isolation
    • 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 Good
      • THE US:
      • Taking away American jobs
      • Taking away consumer’s trust
      • INDIA:
      • 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
    • Women in India
      • Experiencing greatest changes
      • Working more
      • Marrying later in life
      Nina Sharma famous among Indian women
    • Lower 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 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
      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:
      • 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:
      • 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 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 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.