INDIA’s POPULATION: BOON OR BANE??
Is India’s population boon or bane?? This is such a topic that has left everyone with a big question mark and indeed a debatable question with India holding over one billion people, i.e., more than a sixth of the world’s population. The reason why people are perplexed to this question is because the population can be a boon as well as a bane, it depends how one takes it, in which context.
Before moving on to the answer and concepts which will determine whether a population of about 1.18 billion is a boon or a bane, we must look at some stats and figures: it has been projected that India will be the most populous country of the world by 2025. By 2050, there will be around 9.1 billion human beings on our planet, up from 6.5 billion today of which 1.6 billion will reside in INDIA.
A country's power lies in the hand of citizens and India's growing population can mark India's rising power. Technology, innovation, entrepreneurial skills, savvy India’s got in tonnes but these skills itself is not going to take us to the front ranks of the world. The front ranks of the world will happen when billion plus population is empowered. China and India are the two fastest economies of the world and no one is to deny the fact that China is so far ahead right now that India’s momentum could easily get snuffed out. Looking at the history and forecasts made for India’s demography, one can say that India’s demography put her on the driver’s seat. Looking at the current scenario, half of the country’s population is younger than twenty-five. By 2020 the average age of the Indians will be 29 years compared to 37 years for China and 48 years for Japan. (Bahl 2010) This makes quite clear that in coming years, the efficiency of working age group in India will be more than any other country and productivity will increase with time. By 2050, China could have...