However, this April, the answer changed as China lost the population crown to India. This did not go unnoticed, especially since India is the world's largest democracy and always captures the attention of the world at large. India's climb up the population leader board has put a spotlight on the abundance of possibilities that lie ahead during Amritkaal, the 25-year stretch culminating in India's 100th year of independence in 2047.
India - A Unique Growth Model
A unique combination of Democracy, Demographics, Demand, and Digitization give India a potent force to take the next step, or rather the next leap towards becoming a global superpower. Emphasis on structural reforms and agile execution aimed at ease of doing business, building best-in-class physical, virtual, and social infrastructure, and improvement in quality of life is paving the path for robust, sustainable, and inclusive growth. Unlike China, where the growth model has been largely state-driven and environmentally unsustainable, in India, one can expect the growth to be more inclusive and sustainable, driven by entrepreneurship with the Government acting as a facilitator. Vibrancy of capital markets in India helps in making growth more inclusive.
The "Age Old" question
This story is from the June 2023 edition of Investors India.
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This story is from the June 2023 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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