India has been going through something of an industrial revolution in the tech sector in the last decade. Tons of tech jobs entering the market and a workforce willing to adapt to rising demand. Those jobs also require sufficient infrastructure to exist, which has been rapidly expanding to accommodate.

My multi-national, billion dollar company sent a ton of accounting, engineering, project estimating and IT related jobs to India.

These were roles once held by people in the US making 6 figures or close to it, I’m sure these people in India aren’t making 6 figures but they’re making a pretty penny.

The government of India has made some pretty sucessfull large scale initiatives in the past that have attributed to this. Micro-Loans, Electrical and plumbing subsidies to increase quality of living, household appliance subsisides, Food Subsidies (during covid indian government was giving free rations to literally hundereds of millions of people). They had an initative where they were providing LPG based furnaces to households to get people off coal cooking, many millions of people benifited from this. I remember an initaitve when I was younger wehr people were going from house to house installing free water filtration systems in peoples homes. Stuff like this increases the statistical outcome of a familial unit making it out of poverty. Little by little, by adopting a multi-faceted approach to qol imporvments, the Indian Government is attempting to reduce poverty. People are mentioning boom in the service industry but I would argue that kind of growth grows the middle class but does not bring many people into the middle class unlike the these large scale government initatives that have shown great sucess. However I would also say that becuase of the tax generation from these companies comming to india, the indian government is able to spend a lot more on initatives, so it does help, just not in the way people think. These initatives have been a target of corruption but that seems to be going down as time progresses and digital infatrcture gets adopted across indian societal sectors.

A mix of economic growth so more resources to take infrastructure and welfare to the most needy. And a few big social welfare schemes which - though wrought with corruption - did transfer a lot of money and aid to the poorest people in the country.

RIP

India opened it's economy in 90s under finance minister Manmohan Singh. In came lot of investments. With huge population the wages are cheap. Then came IT boom. India produces more engineers per year than most EU countries. It's snowballed from there. The India I was born is a lot different to India rn. You have to experience the change. Just in 15 years the standard of living increased a lot.

The tech boom is making skilled labor a more prominent share of India's economy. Basic needs and services are required to support the demand for skilled labor, which lifts people out of (the worst of) poverty.

They got jobs selling car warranties

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