How parents are ruining their children's future!
They say a woman can make or even break a career. But when I look at the current situation it seems the responsibility of making or breaking a career has been shifted to parents.
In my analysis over India's economy of wealth and value creation, the dimensions have been completely changed in terms of earning ability, purchasing power, buying assets, ownership of assets across categories,.
Over more than 50% of India's population under the age of 25 years, technically most of them were born in the early 90s, a decade which had welcomed LPG model of the economy led by the then Finance Minister Dr Manmohan Singh and transformed India into a new age economy which we live in today. This form of government had done wonders to the country and simultaneously wiped out the benefits working persons were seeking before the 90s when compared to today's working population.
With the salaries of that could have bought houses, vehicles, assets, etc very much easier and due to the high purchasing power of the Rupee currency in India when compared to today's salaries which could barely meet complete expenditure and useful for applying a loan to make the ends meet and seek contentful satisfaction with that.
Although its an economic issue that the inflation is riding high, GST implementation, no proper quality of products, purchasing power getting low every day, but how are parents responsible for all this and for this era's economic problems. Let's understand
Its well noted that unemployment is rooted in the core of the country increasing to 7.9% in January 2019 to 5.9% in 2018 Jan.
Every year more than 3000 people join the job market and seek jobs via appropriate processes. Unemployment is directly linked towards the quality of education imparted.
Few more instances like, parents have an unsolicited vision saying "Hum nahi chahte hamare bache dar badar thokar khaayein jaise hum khaaye hai." (We don't want our children to work hard like we did in our time.)
"Hamara beta engineer banega agar ladki hogi toh doctor"(My son will become an engineer and in case its a daughter she will be a doctor) needless to say why these many engineers are availble in the market and doctors also joining this stream in coming days.
Mothers say "beta hamara thak chuka hai kya khayega beta"(my son got tired, what do you want to eat?)
Education until 10th and 12th are a bit good at least in terms of parent interaction with teachers over academic and weekly assignments. But in graduation and engineering parents don't even know where the college is and even a rank holder has at least one backlog or just passes on the brink.
A normal youth spends thousands of rupees easily without even knowing the value of it but the reality stands at a graduate earning a salary less than that of his pocket money provided by parents.
Parents don't feel it's their moral responsibility to teach their children on topics like, life, career, aspirations, financial literacy, vision and sustainability of the career as well.
A classic proverb which my mom uses "Teachers are second parents and parents are the first teachers" which is actually true.
Andhra Pradesh and Telangana have witness more than 55% of its graduates failed last year and national average stands at 43% technically these aspirants don't get employed in a quality job in a good company as any organizations consideration starts with at least graduate degree. That 50% of failed candidates join another 50% projected failed candidates.
In Hyderabad surrounding cities, parents support in sponsoring for getting the project work done by local unqualified engineers and electricians without even having a broad-minded view whether their child needs to do his/her own work and learn from mistakes and grades than money-ways.
Parents have made the system so crude that they communicate their children to just pass and get a certificate and nothing other than that. What more can you expect when they have set their expectations so low.
It's true that a high level of comfort reduces the agitation accomplishing something in life. The education being imparted now is far more luxurious than the graduates who graduated before the 90s and 80s. During the 80s there 430 (approx) colleges on average for 60,000 students resulting 140 students per college and more than 60,000 colleges for 30 lakh aspirants resulting 500 students per college with several amenities and inaccessible distances.
All in all, keeping the government aside, what measures parents are taking for getting employment and maintaining a steady career and go through hard work but not via easier channels. Its time to reflect and act, than to wait and watch!
In my analysis over India's economy of wealth and value creation, the dimensions have been completely changed in terms of earning ability, purchasing power, buying assets, ownership of assets across categories,.
Over more than 50% of India's population under the age of 25 years, technically most of them were born in the early 90s, a decade which had welcomed LPG model of the economy led by the then Finance Minister Dr Manmohan Singh and transformed India into a new age economy which we live in today. This form of government had done wonders to the country and simultaneously wiped out the benefits working persons were seeking before the 90s when compared to today's working population.
With the salaries of that could have bought houses, vehicles, assets, etc very much easier and due to the high purchasing power of the Rupee currency in India when compared to today's salaries which could barely meet complete expenditure and useful for applying a loan to make the ends meet and seek contentful satisfaction with that.
Although its an economic issue that the inflation is riding high, GST implementation, no proper quality of products, purchasing power getting low every day, but how are parents responsible for all this and for this era's economic problems. Let's understand
Its well noted that unemployment is rooted in the core of the country increasing to 7.9% in January 2019 to 5.9% in 2018 Jan.
Every year more than 3000 people join the job market and seek jobs via appropriate processes. Unemployment is directly linked towards the quality of education imparted.
Few more instances like, parents have an unsolicited vision saying "Hum nahi chahte hamare bache dar badar thokar khaayein jaise hum khaaye hai." (We don't want our children to work hard like we did in our time.)
"Hamara beta engineer banega agar ladki hogi toh doctor"(My son will become an engineer and in case its a daughter she will be a doctor) needless to say why these many engineers are availble in the market and doctors also joining this stream in coming days.
Mothers say "beta hamara thak chuka hai kya khayega beta"(my son got tired, what do you want to eat?)
Education until 10th and 12th are a bit good at least in terms of parent interaction with teachers over academic and weekly assignments. But in graduation and engineering parents don't even know where the college is and even a rank holder has at least one backlog or just passes on the brink.
A normal youth spends thousands of rupees easily without even knowing the value of it but the reality stands at a graduate earning a salary less than that of his pocket money provided by parents.
Parents don't feel it's their moral responsibility to teach their children on topics like, life, career, aspirations, financial literacy, vision and sustainability of the career as well.
A classic proverb which my mom uses "Teachers are second parents and parents are the first teachers" which is actually true.
Andhra Pradesh and Telangana have witness more than 55% of its graduates failed last year and national average stands at 43% technically these aspirants don't get employed in a quality job in a good company as any organizations consideration starts with at least graduate degree. That 50% of failed candidates join another 50% projected failed candidates.
In Hyderabad surrounding cities, parents support in sponsoring for getting the project work done by local unqualified engineers and electricians without even having a broad-minded view whether their child needs to do his/her own work and learn from mistakes and grades than money-ways.
Parents have made the system so crude that they communicate their children to just pass and get a certificate and nothing other than that. What more can you expect when they have set their expectations so low.
It's true that a high level of comfort reduces the agitation accomplishing something in life. The education being imparted now is far more luxurious than the graduates who graduated before the 90s and 80s. During the 80s there 430 (approx) colleges on average for 60,000 students resulting 140 students per college and more than 60,000 colleges for 30 lakh aspirants resulting 500 students per college with several amenities and inaccessible distances.
All in all, keeping the government aside, what measures parents are taking for getting employment and maintaining a steady career and go through hard work but not via easier channels. Its time to reflect and act, than to wait and watch!
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