The potential of Indian growth story and chance of India to become a global economic superpower has been a hot topic with the economists and analysts all over this globe. The forty year opportunity window is at India's doorsteps just waiting to be grabbed for fulfilling the dreams and aspirations of 1 billion plus Indians. This great opportunity window exists simply on the back of huge demographic advantage of cheap skilled manpower both in the technical and managerial cadres and the world economies looking for new economic order in the face of diminishing old order energy resources and global warming associated with them.
The demographic advantage of today will become a major disadvantage after a few decades when the bulk of the population becomes old. After all no sanity can deny the fact that ultimately for about 35-40 years of productive life, the same individual is going to be a burden on the national resources for next 25-30 years. The number of aged individuals and non productive years of these aged individuals will keep on increasing as a nation marches on road to prosperity. The problems of developed and industrialized economies mainly emanated from this crude reality of life. Whereas these countries fully utilized the opportunity window that came their way and grew old after becoming rich, it looks quite likely that India may grow old before becoming rich and prosperous unless and until some wisdom prevails on Indian polity and they start addressing the five deficits, the bane of Indian economy and growth story at the earliest in a sincere and earnest manner. If the polity keeps harping on their vote bank politics with subsidies, doles and freebies for another decade or so, India would have missed this golden opportunity and all because the nation could not produce leaders who could keep their baser instincts of lust for power and money away while serving/governing the nation.
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