Seems legit... you know what they say, wealth usually don’t survive beyond 3 generations, the generation that made it, the first generation to inherit it and the generation that destroys it... if the first gen independent India is considered 2 gen wealth then current gen will use it all up and it’s gone...
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Lol.. If we wanna discuss the 3 generation theory on India. Perhaps we could break it into 3 generations:
1) 1st generation, from 1947 to 1960s. Inherited so much from the British Empire. Mazagon shipyard, HAL, Hindustan Automotive, etc. A British parliamentary system. Citizens admitted to the best universities in the West.
India beats Pakistan in what would become a series of wars with the country. Then India defeats Portugal and retakes Goa. A shocking victory that so impressed the West, they would look the other way and quietly cheered the Indians. (No such treatment was given to Vietnam when the Vietminh defeated France in Dien Bien Phu). I think the rot already started in this generation. But it was still quite small, and India still had many great minds during this period.
That's also when the 1962 war happened. India was the side had the bigger economy, and had some more modern weaponry than China in some areas. But because India thought it was 'unstoppable' at the time, the victories must have gone to their heads. Wanting to seize territories from China, India was comprehensively defeated and was reminded of their limitations.
2) 2nd generation is perhaps India's most successful generation. Spanning from the 1970s to 1990s. The brilliant minds in India from the 1st generation were carried over and put to good use. India was able to develop: nuclear weapons, Agni missiles, Indian space program, HAL Marut, and its own classes of modern naval vessels for its time. India could export Tata and Leyland vehicles during this period to various 3rd world countries.
But in terms of war, this time India focused on bullying its weaker neighbours. Pakistan and Sri Lanka in particular. This was also the generation that had given India its greatest war victories like the 1971 Pakistan war, and the 1999 Kargil war.
This is perhaps the peak of Indian potential. But this is also the generation where the rot started to take hold. India was militarily ahead of China in some areas during this period like the: INS Viraat, Mirage 2000s, and Mig 29s. And India was economically ahead of China until 1980. But most crucially this was also when Deng Xiao Ping took power in China, and China took off from India.
3) Third generation, from 2000s till now. This is the perhaps the most critical generation for India. But also the most useless, as we can see right now. They were riding on the achievements of the 2nd generation, but forgetting to develop further. By this time the rot has already set in and is now festering. There are 2 halves to this generation. The first half, the pre-Modi India is already declining but still had some little hope, as it was still making a few sensible moves. Nevertheless, this would be the final momentum of India's inheritance.
Then finally, the arrival of Mr. Modi and the second BJP administration. What can I say, this is where what little Indian inheritance had, it is finally squandered. This is the era of Hindutva, trash-talking, racism, violent foreign policy, and stupidity. Main highlights are: Make In India, Demonetization, 2016 surgical strike, 2017 Doklam crisis, 2019 Balakot air-strike, 2018-2019 economic slowdown, 2020 Ladakh crisis, and finally: the Covid-19 outbreak. This is an era of failure. India's Superpower dream, becoming more and more of a joke. BJP India talking big, while at the same time reaching new lows. India to overtake China? Sorry, time is already up!