Will India’s Economy Ever Catch Up to Its Growing Population, Surpassing China?

Will India’s Economy Ever Catch Up to Its Growing Population, Surpassing China?

India’s leaders are proud of the country’s many achievements, including being the world’s largest democracy and the fifth-largest economy, surpassing its former colonial overlord, Britain. India is also hosting the Group of 20 summit this year, which is seen as a sign of its growing global influence. However, a new milestone is approaching quietly, as data released by the United Nations on Wednesday shows that India will soon surpass China in population for the first time in at least three centuries.

With a population of over 1.4 billion people, India will gain geopolitical, economic, and cultural power that it has long sought. Additionally, India has a young and expanding workforce, which could lead to a “demographic dividend.” This is in contrast to most industrialized countries, including China, where the workforce is aging and shrinking.

2023-04-18 23:52:21
Original from www.nytimes.com

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