Home Economy 2040: Will India become a pakoda economy?

2040: Will India become a pakoda economy?

In a recent interview given by the prime minister, he was extolled about his personality. The journalist he chose gave the interview himself and that says everything.

Dignified constitutional posts like the prime minister should choose at least a mature journalist, who can represent the voice of the nation as a whole and help him deliver his insight about the nation.

The most polemic answer ever given by any prime minister about unemployment in India is quite evident that both in America and India, the social media led the people to choose the head of a nation who is a mere demagogue, rather than a leader who can bring a change in the life of people.

According to him, self-employment like selling pakode is an employed person in the economy. This in itself connotes that as far as organized post is concerned, he can take it, or else by selling pakodas can become the chief minister or prime minister in the country.

Why can’t a pakoda seller do the same if a tea vendor can go on to hold both the posts?

When China was suffering from inflated population of youth in 1970’s, in spite of being a communist nation, it opened it’s economy by 1978, that too starting with agriculture, and then used Special Economic Zones as a vehicle to bring employment for their youth.

China deliberately brought vocational education at the school level to the extent that students before passing their 12th standard, became experts in hardware technology during the vocational training period in school. The students were paid for whatever hardware product they made in school, which helped them in becoming self-sufficient monetarily for higher education as well.
Source: IndiaSpend/ Sample Registration Survey of India statistical report 2015

India moved to liberalization at the verge of 1990, when our economy was sinking. In the name of liberalization, we opened the higher and school education for private sector. Many schools run by big business houses came into the market to suck the hard-earned money of middle-class.

The money saved after this was sucked by private universities and colleges, especially the engineering course. The quality of education these colleges are giving has been hardly monitored by the regulatory body as most of them were owned by either politicians or big business houses.

Instead of capitalizing the dividend of the population that India has, we are promoting them to open tea stalls and open pakoda stalls as an entrepreneur. We must recall here that 65% of Indian population is under 35 years of age, who will become old by 2040 or you can say- start ageing by 2040, many might become dependent on their children or the state.

We have already missed one train. At the time of 2001 census, we had 40 years in hand to utilize our human resources, but as the Indian democracy’s train chugs to our prime minister’s favourite year 2022, we have only almost 20 years left and we are so enthusiastically promoting them to open a pakoda stall, and the head of the nation is naming it as a source of employment.

Crony capitalism is the core of the Indian economy. If this will remain the same, then I wonder what will happen to the nation 20 years from now. Why can’t our leaders see it? Why are our leaders so afraid to line the nation for 2040? This itself extolls that everyone is a part of the nexus of crony capitalism in India.

We are moving towards neo-colonialism and our next generation will be under servitude. Are there any democratic and constitutional gods that can save our country?

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