By:Marion M. 1990-Present Day India’s Cultural Revolution
Before the Revolution Pre 1991 <ul><li>Barely functioning services </li></ul><ul><li>Government denied business requests  ...
Economic Revolution   <ul><li>2005 </li></ul><ul><li>83,000 millionaires </li></ul><ul><li>1.2 mill “well-off” households ...
True Story: Stawan Kadepurkar <ul><li>Electronic Engineer ($1,500) </li></ul><ul><li>2 yrs later- infosys ($5,000) </li></...
Shift in Culture <ul><li>Different world than their parents and older siblings </li></ul><ul><li>Land of prosperity & oppo...
India Joining Global Economy <ul><li>Outsourcing </li></ul><ul><li>Participating in global economy-$$$ </li></ul><ul><li>C...
Outsourcing: <ul><li>Technology companies-3 million jobs </li></ul><ul><li>Work for American companies in India </li></ul>...
The Bad and the Good <ul><li>THE US: </li></ul><ul><li>Taking away American jobs </li></ul><ul><li>Taking away consumer’s ...
Women in India <ul><li>Experiencing greatest changes </li></ul><ul><li>Working more </li></ul><ul><li>Marrying later in li...
Lower Class Left Out <ul><li>Rural and Urban poor waiting for change </li></ul><ul><li>Social/Political tensions </li></ul...
Poverty Levels and Problems <ul><li>The majority of Indians are poor  </li></ul><ul><li>Don’t attend college </li></ul><ul...
<ul><ul><li>“ First-time visitors find the poverty in Dharavi as appalling as foreigners found the sight of America’s unde...
Remaining Problems: <ul><li>Problems are masked </li></ul><ul><li>High child mortality rates </li></ul><ul><li>Caste based...
New Infrastructure: <ul><li>Lack of transportation between villages and cities </li></ul><ul><li>Food spoiled before reach...
Predictions for the Future By 2030… <ul><li>Most populous nation </li></ul><ul><li>World’s third largest economy </li></ul...
Works Cited <ul><li>Meredith, Robyn.  The Elephant and the Dragon. The Rise of India and China and What it Means for All o...
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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.

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Indias Cultural Revolution (2)

  1. 1. By:Marion M. 1990-Present Day India’s Cultural Revolution
  2. 2. Before the Revolution Pre 1991 <ul><li>Barely functioning services </li></ul><ul><li>Government denied business requests </li></ul><ul><li>Low wages </li></ul><ul><li>Success=going overseas </li></ul><ul><li>Best educated Indians left India </li></ul><ul><li>Job for life </li></ul><ul><li>Women depend on family/husband for money </li></ul>60% Of college graduates found jobs
  3. 3. Economic Revolution <ul><li>2005 </li></ul><ul><li>83,000 millionaires </li></ul><ul><li>1.2 mill “well-off” households </li></ul><ul><li>40 million households making $4-10,000 </li></ul><ul><li>10% annual increase </li></ul><ul><li>Greater opportunity for college graduates </li></ul><ul><li>Don’t have to worry about college graduates </li></ul><ul><li>Individuals and government bringing in more money </li></ul>
  4. 4. True Story: Stawan Kadepurkar <ul><li>Electronic Engineer ($1,500) </li></ul><ul><li>2 yrs later- infosys ($5,000) </li></ul><ul><li>$20,000 </li></ul><ul><li>$40,000 </li></ul><ul><li>Story is the norm, nothing rare </li></ul><ul><li>Buy car, house </li></ul>“ 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”
  5. 5. Shift in Culture <ul><li>Different world than their parents and older siblings </li></ul><ul><li>Land of prosperity & opportunity </li></ul><ul><li>Modern, up-to-date </li></ul>
  6. 6. India Joining Global Economy <ul><li>Outsourcing </li></ul><ul><li>Participating in global economy-$$$ </li></ul><ul><li>Customs shifting/transforming </li></ul><ul><li>No isolation </li></ul>
  7. 7. Outsourcing: <ul><li>Technology companies-3 million jobs </li></ul><ul><li>Work for American companies in India </li></ul><ul><li>Keep global economy running smoothly </li></ul><ul><ul><li>“ People who are taking away American jobs are been 1/10 of what Americans are paid, but have fantastic living standards in India” </li></ul></ul><ul><ul><li>“ Outsourcing has shown we can compete in the world and win said Mr. Nilekani, CEO of Infosys” </li></ul></ul>
  8. 8. The Bad and the Good <ul><li>THE US: </li></ul><ul><li>Taking away American jobs </li></ul><ul><li>Taking away consumer’s trust </li></ul><ul><li>INDIA: </li></ul><ul><li>Low wages </li></ul><ul><li>THE US: </li></ul><ul><li>Helps American companies </li></ul><ul><ul><li>Low wages </li></ul></ul><ul><ul><li>Efficiency </li></ul></ul><ul><li>Western influence and consumption spurs demand </li></ul><ul><li>US exporting way of life </li></ul><ul><li>INDIA: </li></ul><ul><li>Creating more jobs and better lives </li></ul><ul><li>Indians are demanding more </li></ul><ul><li>Staying/moving back to India </li></ul>
  9. 9. Women in India <ul><li>Experiencing greatest changes </li></ul><ul><li>Working more </li></ul><ul><li>Marrying later in life </li></ul>Nina Sharma famous among Indian women
  10. 10. Lower Class Left Out <ul><li>Rural and Urban poor waiting for change </li></ul><ul><li>Social/Political tensions </li></ul><ul><li>Villages waiting for change-70% population Lives </li></ul><ul><li>No electricity, running water </li></ul><ul><li>Separated from New India </li></ul><ul><li>Not enough jobs </li></ul>
  11. 11. Poverty Levels and Problems <ul><li>The majority of Indians are poor </li></ul><ul><li>Don’t attend college </li></ul><ul><li>Don’t have the same opportunities </li></ul><ul><li>Millions of poor Indians have become more stable </li></ul><ul><li>Shacks/tiny houses </li></ul>15% Of students reach high-school 60% Graduate
  12. 12. <ul><ul><li>“ 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” </li></ul></ul><ul><ul><li>“ The frustrating thing is that whatever you rightly say about India, the opposite is also true” </li></ul></ul><ul><ul><li>“ Living in what seems an era different from that of their own countrymen in Bangalore” </li></ul></ul>
  13. 13. Remaining Problems: <ul><li>Problems are masked </li></ul><ul><li>High child mortality rates </li></ul><ul><li>Caste based discrimination </li></ul><ul><li>Religious strife </li></ul><ul><li>Birth of females </li></ul><ul><li>Can’t let go of traditions </li></ul><ul><li>Early marriage </li></ul><ul><li>Dowry murders </li></ul><ul><li>Infrastructure </li></ul>
  14. 14. New Infrastructure: <ul><li>Lack of transportation between villages and cities </li></ul><ul><li>Food spoiled before reaching markets </li></ul><ul><li>Government is spending more and more money to fix this </li></ul><ul><li>Highways, roads, and airports are being built </li></ul><ul><li>Connect factories to farms </li></ul>
  15. 15. Predictions for the Future By 2030… <ul><li>Most populous nation </li></ul><ul><li>World’s third largest economy </li></ul><ul><li>Largest workforce in world 68% of citizens at working age </li></ul><ul><li>Major population dividend </li></ul>By 2050 <ul><li>1.6 billion people </li></ul>Population dividend could pose a threat if govt. doesn’t… <ul><li>Create more jobs (crucial) </li></ul><ul><li>Modernize infrastructure </li></ul><ul><li>Reform economy </li></ul><ul><li>Connect with world economy </li></ul><ul><li>Master politics of the poor-make up most votes </li></ul><ul><li>New factories </li></ul><ul><li>MUST PULL MILLIONS OUT OF POVERTY </li></ul>
  16. 16. Works Cited <ul><li>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. </li></ul>

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