![]() ![]() India is confronting a future with all these built-in advantages. A large working-age population provides a bigger tax base, a lower drain on the economy from entitlements, and excess workers that will keep wages modest and attract manufacturing and service sector jobs. This means that a greater percentage of India’s population will be of working age for several decades and will be supporting a comparatively small elderly population. The country’s population is unusually youthful compared with China, Europe, and the US. While the announcement itself was momentous, it is the age breakdown of the Indian population that has economists predicting growth for India over the next two decades. ![]() In honor of our new “Look Forward” report on India, this week’s Daily Updates will cover different aspects of the Indian economy.Įarlier in 2023, to considerable fanfare, it was announced that India had surpassed China to become the most populous nation, with roughly 1.4 billion people. ![]() Turning India’s Demographic Dividend Into Growth Start every business day with our analyses of the most pressing developments affecting markets today, alongside a curated selection of our latest and most important insights on the global economy. ![]()
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