Why China & India Will Lead the World
Millennials in India, and innovation natives of China, are the hope of humanity for a profitable 21st century. The era of the American $ dollar dictating the world's economy, of American companies leading trends and American culture dominating, simply won't last forever.
In fact, China and India are both gearing up to scale in how they will transform the world. It's likely, the decline of the United States has already started to occur. The era that a country's "greatness" was simply measured by the size of its economy and military force, has come to a close.
India is set to become the most populous country by 2022, and its startup scene is heating up, while Chinese unicorns are appearing at accelerating rates.
With regards to how many markets scale, it isn't the early adopters that ride the wave, it's the medium adopters, and as more Indians and Chinese get online, they are best positioned to lead the technology and innovation of the future. Here are 7 things you need to know about Millennials in India.
According to Deloitte:
More than half (53 percent) of the Millennials aspire to become the leader or most senior executive within their current organization, with a clear ambition gap between Millennials in emerging markets and developed markets.
65 percent of emerging-market based Millennials said they would like to achieve this goal, compared to only 38 percent in developed markets
Leaders of the New World
If 80% of Indians aspire to positions of leadership, and with increased competition and a larger workforce, North America and Europe's influence on the world gradually declines as China and India's influence only increases from here on in.
In a future of probabilities, some things are just common sense:
According to one scenario, the economies of China and India will together be four times as large as the United States, by 2050, restoring the historic order of Asian dominance before Europe’s navies burst on the scene in the 16th Century.
Globalization or Global Urban Centers
By then, mega-cities all over the world will be diverse places where diversity will be the majority. Every year, venture capital and investment funding becomes more accessible to India and China's already booming elite class drives strategic initiatives to found many of what will be the most important corporations of the future.
Evidence of how well Indians adapt to Silicon Valley while holding many key positions of leadership in technology, means the "Chindian" (Chinese-Indian) talent pool is increasing, not just in India and China, but abroad in the most talent rich cities around the world.
When Innovation comes from the People
Even by 2030, China's economy will be worth $18,829 billion. Increased competition means only the most talented with the best work ethic, succeed, driving results that can out-compete countries that are in decline. The Indian mind has a new generation in Satya Nadella, Sundar Pichai, and Nikesh Arora of role-models for a country fertile with dreams of the future.
India’s economy is set to soar by a huge 6.9% in the next decade and a half, jumping from a GDP of $2,557 billion in 2016 to $7,287 billion in 2030.
That's nearly a 3x increase. By then, exponential technologies will be everywhere creating a more level playing field and unprecedented access to entrepreneurship opportunities.
With Brexit likely changing the future of Europe and China asserting itself as the heir apparent, India remains the perennial dark horse to inherit a greater share of global cultural and technological influence than many pundits estimate.
If America were to decline in the 2020s, which countries do you believe would emerge as global leaders?
CEO @Starequity integrated Ltd
8ylets watch and see.