Many countries today like China, Japan and even the United States are having trouble in age population having that most of their economy are made up of retirees or close to retirement citizens. However, India is on the other side of the coin when it comes to what makes up their population. The Diplomat says "2/3 of Indians are under 35 years old."(Pillalamarri). This is an remarkable population being that two thirds of India is of the working age.
India does have it's economical flaws in intercommunal tensions, high scale of poverty, and uneven consistency with education and opportunities. But as their manufacturing aspects continue, including vital industries like cellphones and semiconductors, India is on track to becoming the third largest economy by the end of the decade.
So to speak, is India becoming the most populous country in the world? They are growing substantially in numbers and capital. They have 5 million more people than china in terms of populous. Who's to count them out?
https://thediplomat.com/2023/01/india-is-the-worlds-most-populous-country-what-it-means/
With India's population increasing everyday, I think heir economy is going to be scattered because of the over saturation of people looking to get into the job market. Unemployment rates could potentially reach an all time low within the next ten years.
ReplyDeleteHaving a young working population is good, but only if a country can capitalize upon that strength. That being said, India has adapted very well to the global economy in the tech sector. Do you think that another emerging sector will reveal itself in the Indian economy that will put India ahead, or at least on par, with China in terms of output? Similarly, do you think that tech innovation will evolve, shifting the balance of power between India and China to the former?
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