1. What Young India cares about the most—three strands (explore more from the rich conversation, on the India@100 Notions page)
- A deep desire for financial independence that employment just cannot offer.
- Young women are confident in their role as trend setters; and young Indians want to take a more active role in determining where the country is headed.
- Education must also teach what it’s like in real life.
2. The world is disordered. Something has to change in the way the world is governing itself
- Globalisation has broken down; trade was broken down due to Covid restrictions; the flow of finance has been disrupted by the Ukraine crisis.
- In the US and in many countries in Europe, the idea of liberal democracy and the idea of free market capitalism have been contending with each other.
- Every 30 minutes in the last year, one new billionaire arose; but every 30 minutes, 1 million more people fell into poverty.
3. We have to change our approach to progress.
- It is “Incredible India” because of our diversity and also because we dared to become a democracy when we were very poor in 1947. Yet, our own house is not in order. There are gaps in
- Political freedom, through democracy, in electoral systems
- Social freedom—age-old discrimination still exists
- Economic freedom—most Indians don't have equal freedoms: Those that earn more than Rs 20,000 per month represent the upper 10%.
“We need to change the shape of the economy, and not just the size of the economy.” - Arun Maira
- Globalisation broadly is a significant cause for good. In the last 30 years our growth rates were higher than ever and pulled more people out of poverty. But the growth wasn’t inclusive—too many millions are excluded because of failure in the education and the employment systems.
- Livelihoods: We add roughly 10 million people to our population every year. And will continue to do so for the next 15 years till population peaks and starts tapering off.
- Self-employment alone will not create really good livelihoods for 10-15 million people a year. You need good jobs at a large scale—from manufacturing, more formal services, and more informal services but with much greater protection built-in (basic health and unemployment insurance etc).
- High achievements in education: A society where a much larger proportion of our population has high literacy and mathematics skills so they can participate in the economy in a much more effective way.
- Liberal approach: Create conditions, where people can fulfil individual aspirations—which is at the heart of liberalism.
“In 25 years I want to see a vibrant economy that continues to target rapid economic growth as a way to have more resources available to share across society.” - Naushad Forbes
**4. We need to create S-curves for India—**something goes through an explosive phase of adoption and then things plateau and you need to reinvent yourself to create a new S curve.