Skip to main content

Career of children more important than their happiness in life for India's middle class parents: HSBC survey

Counterview Desk
A global survey by top international bankers, HSBC, has suggested that most Indian parents professional success more important than a happy life for their children. Titled The Value of Education: Learning for Life, the study, which is based on a survey of 5,500 parents across 16 countries in the world, says that 49 per cent of them said a happy life for their children was important, worst in the world.
Interestingly, the study also finds that, by sharp contrast, to 51 per cent Indian parents career success is more important for their children than all other countries, with the sole exception of Mexico. According to the study, this in sharp contrast to how parents in the developed countries like the US, UK, Canada and Australia think.
To achieve the sought-after careers, Indian parents want their children to continue their education in university and to graduate level more aggressively compared to any other country of the world. Almost 90 per cent of them, the largest proportion globally, said that a master’s degree or higher would help their child achieve their life goals as adults.
Not only are the parents willing to pay more for higher studies of their children, the survey has found, they are even willing to rope in grandparents for additional funds. Further, they are willing to take loans. However, at the same time, the report comments, parents often “tend to underestimate how long it will take their child to repay their university debts.”
Interestingly, the survey shows that while parents across the world want their children study medicine, in India, they want them to pursue engineering degree, especially computer engineering. And, if the survey is to be believed, they are willing to pay to extra amount for their children’s education to achieve it this. Seven in 10 Indian parents participating in the survey said they would do so.
According to the survey, the US and UK are much less likely to pay for extra academic support for their kids – only about 25 per cent of them said they would do so. Also, their view that university education is too expensive is also quite strong – 71 per cent of them in the two countries think this way.
The survey was carried out in March-April 2015, and appears to have involved largely middle class parents from India. The study says, “Parents in developed economies are more likely to take into account their child’s individual strengths when considering a desired occupation.”
Carried out keeping in view the reach out to parents wanting loan, the study adds, “Parents in India – a country renowned for its emerging technology sector – are more than twice as likely as the average to want their children to go into a job in computer science.”

Comments

TRENDING

Lip-service on World Environment Day vs 'watered-down' eco-safeguards

By Shankar Sharma*  Just a few days ago, the world remembered the routinely forgotten global environment on the occasion of World Environment Day, briefly though, maybe just for the day. There were reports of a few high profile ceremonies in different parts of the country, including a few in New Delhi. Prime Minister Narendra Modi reportedly asked the people of our country to plant one tree per each person as a mark of respect/ gratitude for our mothers.

New Odia CM's tribal heritage 'sets him apart' from Hindutva Brahminical norms

By Bhabani Shankar Nayak*  Mohan Charan Majhi took the oath as the new Chief Minister of Odisha following the electoral defeat of the BJD led by Naveen Patnaik, who served as Chief Minister for twenty-four years. The new Chief Minister is the son of a security guard and a four-time MLA who hails from the remote village of Raikala in the Keonjhar district. He belongs to the Santali tribe and comes from a working-class family. Such achievements and political mobilities are possible only in a democratic society. Majhi’s leadership even in the form of symbolic representation in a democracy deserves celebration.

Pellet gun fire severely injures Dalit worker off Bangladesh border

By Kirity Roy*  This is regarding an incident of firing pellets by the Border Security Force (BSF) personnel attached with Panchadoji Border Outpost of ‘E’ Company of 90 BSF Battalion on a Schedule Caste youth of village Parmananda under Dinhata Police Station of Cooch Behar district of West Bengal. The victim was severely injured and one portion of his face became disfigured due to pellet firing by the BSF.

Sanction to persecute Arundhati Roy under UAPA politically motivated: PUCL

Counterview Network  Top human rights group, People’s Union for Civil Liberties, has demanded that the authorities should immediately withdraw the prosecution against top author Arundhati Roy and Dr Sheikh Showkat Hussain, a Kashmir academic, under the " unconstitutional"  Unlawful Activities (Prevention) Act  (UAPA), calling the Delhi  Lieutenant-Governor nod for the Delhi police move "politically motivated".

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Anonymous? Following BJP debacle, social media began getting memes calling voters 'traitors'

By Rathin Das*  It was an election with a difference that taught the 'party with a difference' a lesson it will never forget. The planet's largest party, the BJP, had put its stakes so high that even a normal victory looks like a defeat.