I make my way through the security and the large crowd gathered to watch a movie shooting. I pass by (now) familiar names-KFC, Taco Bell, Casio, Pizza Hut, Samsung, etc. I go to the box office and take out my Phone and check the booking number of the movie that I have booked online. I enter it into a touch enabled monitor. It throws out the ticket and I enter the movie hall. There are a couple of foreigners sipping on Minute Maid. I look around and I see people busy on their Blackberries and Iphones.
So I am at a multiplex in a mall situated in a very middle class locality in Bangalore. I am there to watch "The Descendants". The tickets are obscenely expensive. The minimum is Rs 260 and the maximum is Rs 350. The last row has these leather couches which turn into 180 degree recliners. All those recliners are taken. As the movie begins, I realise that the car Clooney drives, the phone he uses,etc are all available in India. And used by the so called "middle class".
So whats the point? The point is that the consuming middle class has increasingly become global. In 2005, Mckinsey had divided the Indian market into the "global indians" and the "aspiring class" and some more segments. In less than six years, my guess is that a large part the "aspiring class" is now part of the" global Indian" segment. This is co inciding with the recession in the developed countries.
One part on why businesses are restless with Indian policy makers is largely because of fewer opportunities available elsewhere in the globe. In an age when companies are filing for bankruptcy over a weekend, businesses are getting very impatient with Indian policymakers.
So while the middle class educated Indians are enjoying the fruits of their labour, it is a disturbing trend about the" have nots". In developed countries, the have-nots have started believing that they will now become "have never". In India that pessimism is not there as yet. But it will only be a matter of time before the middle class will be accused of being parasitic.Of not having done enough to ensure that income disparity is reduced.
In that regard, opportunities for the less fortunate should be made available. In my own case, I have been extremely fortunate to have been given the opportunity and choice by a "welfare" state. The whole of my education was subsidised by the government. So it is surprising that many of us are for privatising large part of the education system. Perhaps we are more proud of IIPMs than IIMs!
We need to understand that most of us today who are working in top notch companies, having globe trotting careers are a product of a welfare state and maybe brought up by a generation of parents who believed education was the best investment! And that education was available to all who were willing to work hard.
While we can be extremely proud that most of us are living a life comparable to those of the developed world, we need to be on a constant vigil to avoid the mess that they find themselves in today!