Young, Restless Indians
How will it all turn out? No one knows except we have a couple of countries that have gone through the same demographic shifts. India can learn from them.
What can India learn from baby boom generation of United States of America?
The baby boom generation of the US (i.e. those born between
year1946 and 1964), is about 75 million citizens. It was half the size
of US population in 1960s. With its violent opposition to Vietnam War,
hippie culture that redefined music, and its single minded focus on
continuous improvement, this baby boom generation redefined American
culture, politics and its often tumultuous race relationship. US saw
huge technological innovations and economic progress as a result of
the purchasing power of this generation.
Will India also gain similar demographic dividend ? Maybe… But one big difference is US, in 1960s was already a rich and powerful nation. India with its rudimentary infrastructure, vast rural population and massive poverty may have to pave a different path.
What can India learn from baby boom generation of China?
China has gone through multiple baby boom cycles in the past
century, the biggest one was in late 1980s. This generation came out
with a bang with its opposition to their communist regime displayed at
Tiananmen Square protests of 1989. Although the government was
successful in crushing this opposition, it was forced to liberalize its
economy to help provide livelihood for the young. What we saw was
9-10% economic growth since then. This growth enabled China to become
one of the most powerful emerging countries.
Indian government although open and democratic, will be pressed to provide economic growth opportunities to this YRI generation. Else India will risk seeing some social turmoil.
What is India’s Future?
What will India’s future be? Will India be able to reap the
benefit of this demographic dividend just like the US and China? Will
India be a super power? Or will it disintegrate into oblivion unable
to tackle its persistent social issues? It all depends on how this YRI
generation shapes its own destiny and that of India.
For more read webzine Young and Restless India
|