For many people life is very clear. Parents decide what a kid should study, what they should do in life, whom should they marry, even when to retire. For some kids service is not an option. For some kids business is not an option.
For those who are caught in between the decision to be in service or be in business is really tough to make.
In the 1960s, 70s, and even in the 1980s it was worth being in business or being in the government service. Inflation was high, taxation was high – cheating income tax was worth its while. The private sector was seen not as too great a place to work. Of course if you were with the good companies life in private sector service was not bad.
The 1990s saw salaries explode – so being in service (esp financial services, media, entertainment,etc.) became a great place.
We may now have come full circle – you are now much better off being in service. Like Sucheta Dalal says you pay First World salaries in India, but cannot demand a high level of work culture :-).
However salaries seem to have fallen according to an article in ET…read on..
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