From the day we are born and till the day we are laid back, the way humans breathe inorder to keep their body/vital organs alive, people need MONEY in the same way to survive. Money became a trend setter in the modern era as our country men used to have Barter System earlier. The business that we do and the economy of our country made it so valuable.
Although I haven't seen a bit of Barter System have seen a tremendous change in the mindset of people towards Money. When I did my schooling, I used to get a pocket money of 3-5 Rs a day which has no value among so many people ( especially kids) at present. Its just 2 decades which bought this change, the credit for which should go the IT industry because of which our business, trade, man power etc etc improved in our country.
The value of this has changed to
The National Stock exchange which was promoted in November 1992 through couple of financial institutes, banks and some foreign investors made an entry into International trade. Almost 18 years went by, but WE as a Nation do not have a symbol and significance to our currency as it was termed Rs or Re. In the last year's budget and on July 5th 2010, finally the finance minister revealed the symbol of Indian currency which showcases our rich heritage and culture.
Due to the presence of highly skilled and cheap labour in our country, there were a number of IT companies who outsourced work to our country which bought a lot of cash in flow. This subsequently multiplied and grew into a unstoppable sector where gains are more for people working in it. People from different back ground and various study streams entered into this field as the money is tempting.
This has both advantages and disadvantages.
Advantages:
With the introduction of BPO's and part time work opportunities, students and people who are financially backward get a chance to work and study at the same time.
Being Independant of each other and taking the extra responsibility
The main disadvantage is
With our wallets filling and we being independant, people are forgetting our culture, getting modernized and habituated to western culture which is clearly visible.
To be continued...........
Although I haven't seen a bit of Barter System have seen a tremendous change in the mindset of people towards Money. When I did my schooling, I used to get a pocket money of 3-5 Rs a day which has no value among so many people ( especially kids) at present. Its just 2 decades which bought this change, the credit for which should go the IT industry because of which our business, trade, man power etc etc improved in our country.
Due to the presence of highly skilled and cheap labour in our country, there were a number of IT companies who outsourced work to our country which bought a lot of cash in flow. This subsequently multiplied and grew into a unstoppable sector where gains are more for people working in it. People from different back ground and various study streams entered into this field as the money is tempting.
This has both advantages and disadvantages.
Advantages:
With the introduction of BPO's and part time work opportunities, students and people who are financially backward get a chance to work and study at the same time.
Being Independant of each other and taking the extra responsibility
The main disadvantage is
With our wallets filling and we being independant, people are forgetting our culture, getting modernized and habituated to western culture which is clearly visible.
To be continued...........
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