It is completely true. Actually, most of the problems in India can be traced back to previous generation (current old generation). They:

1) Did the most corruption. It wasn't that bad before it.

2) Created all the draconian laws to 'correct' Indian culture.

3) Put pressure on current generation to 'own a house' at the age of 25-30, while they themselves like all the people before them got their house at the ripe age of 50-60.

4) Themselves a product and participant of socialist government with anti-private business attitude, they increased the age of retirement for government jobs. You meet one government employee and tell him/her that you work for some IT company and they will mock you for 'getting undeserved salaries' and 'being ignorant of bureaucracy', whether it is for getting a passport or driving license.