Sunday, October 5, 2008
How young is your city?
70.4% of the 6+ million population of Hyderabad is under the age of 35. Hmmm....which side of the fence would that place me at :)
This fact is so evident while walking around the streets, malls, banks, grocery stores, offices --- everyone around you is *young*.
Once I started noticing this, I realized that the bankers, the chauffeurs, the sales people for your wireless provider and even the traffic cops look like 22 year old 'bacchas' (a hindi term for a kid). Microsoft recently had a big bash to celebrate their 10 year anniversary in India. And I am estimating that over 70% of the employees who attended were between the ages of 24-35.
These young adults are already today's wage earners, consumers, spenders, thinkers and leaders no matter which economic ladder they come from. Imagine that just Hyderabad by itself could produce a workforce that is equivalent to the workforce of one or more European countries.
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