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India Races To Get Rich Before It Gets Old As Population Set To Pass China

India Races To Get Rich Before It Gets Old As Population Set To Pass China

NDTV
Thursday, April 20, 2023 05:02:04 AM UTC

Over the period to 2040, India will likely add 270 million people to its urban population.

A fleeting moment on the evening of March 8 will remain etched in Nikita Punjabi's memory forever: The first glimpse of her newborn daughter as the doctor held her up after delivery.

Aniket Rai, nervously waiting during the birth, cried tears of joy when the nurse told him he had a baby girl. "It was surreal feeling... Unparalleled. I cannot describe it really, it can only be felt."

Their baby, Prisha - which means god's gift - is but one of the millions born across India so far this year who have contributed to the historic milestone of passing mainland China's population. That comes just a few years after India snatched the title of world's fastest-growing major economy from its northern neighbor.

But labels alone won't be enough for India to take over as the world's biggest growth driver, just as having the most people wasn't enough for China until it carried out economic reforms from the late 1970s.

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