India’s Demographic challenge: Density Vs Dividend??

According to the World Population Review’s estimates, India’s population has touched 1.427 billion, beating China’s 1.412 billion in a milestone that poses a ‘Growth’ challenge before the nation in terms of adequate job creation and economic sustainability of the deprived and downtrodden strata. With half of its population under the age of 30, India is well poised to become the world’s fastest-growing major economy in the coming years, but the country needs a broad-based growth agenda to live up to its promise.

The share of the manufacturing sector in the Indian economy needs to improve drastically through more infrastructure and labor-centric manufacturing projects. As it is, the reduced tenure of armed forces has put additional strain on the exchequer both to create more jobs and pay retirement benefits.

• According to media reports, about 800 million people squarely depend on free food rations, which is the largest government initiative of its kind across the globe
• While India is the second-largest producer of rice, wheat, and sugar, and the world’s third-largest domestic aviation player, it is also the second-largest consumer of gold and steel and the third-biggest buyer of crude oil
• It is pertinent to note that UN estimates more than half of the projected global population rise between 2022 and 2050 to happen in a mere 8 countries: Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, Philippines, and Tanzania

Did you find this newsletter helpful or insightful? Please “Subscribe” to receive future installments highlighting some of the most exciting and interesting newsletters from across LinkedIn. Let us know your comments or suggestions below and thank you for reading!