India will overtake China this year to become the world's most populous country. Can it create enough jobs?
India will overtake China this year to become the world’s most populous country. The likelihood of India passing that major milestone within a few months shot up Tuesday, when China reported that its population shrank in 2022 for the first time in more than 60 years. This shift will have significant economic implications for both Asian giants, which have more than 1.4 billion residents each.
“India has the world’s largest youth population … There is no dearth of capital in the world today,” Mahesh Vyas, the CEO of CMIE, wrote in a blog post last year. “Ideally, India should be grabbing this rare opportunity of easy availability of labor and capital to fuel rapid growth. However, it seems to be missing this bus.” Not everyone is an engineer Lack of high quality education is one of the biggest reasons behind India’s unemployment crisis.
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