India - Growth and Unemployment

On one hand the world is going ga-ga over India, we read about India's sudden growth in the last 4 years and the India rising story in the media. The outsourcing boom, Software industry and the BPO sector has increased the Purchasing Parity and changed the lifestyle and attitude of the urban population. But on the other hand the rising economy has also increased the inflation and the rising costs of daily domestic goods. This has made the life very expensive for people who live on fixed budgets and whose lives have not been touched by this rising Indian economy (this is a huge percentage of the population).

The situation in rural areas is even worse, high unemployment is not helping either. I think all this will change as the literacy level will increase and the BPO sector and Software industry will open offices and start to operate in these smaller Indian towns and cities. It'll take 2-5 years for this to happen, but more than time it will need commitment and dedication from people living in these towns to prepare and better educate themselves for this new opportunities ahead. This will solve at least couple of other issues:
- Will reduce the migration of rural population to Class I cities like Bombay, Delhi, Chennai, etc in search of work.
- Once people in Class III towns will see their peers prosper because of good education, the next generation in these towns will leverage on the previous generation's success and improve it further.

Another article I came across last week was the article in CNN on India not becoming a superpower till it reduces its poverty. Very nice article, I agree with the contents and the reasons given in the article, BUT I don't think agree with the TITLE of the article. Average Indians have no aims or ambitions of becoming a SUPERPOWER per se, thats the last thing on their mind. What they want and what they are struggling for are meeting their basic daily necessities like food, shelter, clothes, education for their kids. India is a young democratic country and what it has achieved in 60 years is commendable, we still have a long way to go and we will.

Nevertheless, nice article and nice read. Educate yourself.