India's Economic Transformation Challenges

This is a India news story, published by BBC, that relates primarily to World Development Report news.

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Can India become rich before its population grows old?

Summary

Nutrition label

87% Informative

India 's per capita income of around $2,400 ( 1,885 ) is among the lower middle-income countries.

India is also on course to become the world's third largest economy in six years .

At the current growth rate, India will need 75 years to reach a quarter of U.S. GDP per capita, World Development Report 2024 says.

Over the next decade , we will see a possible population dividend, that is rise in the share of our population of working age, before we, like other countries, succumb to ageing,” they write in their new book Breaking The Mould: Reimagining India's Economic Future . “If we can generate good employment for all our youth, we will accelerate growth and have a shot at becoming comfortably upper middle class before our population starts ageing.” In other words, the economists wonder, “ Can India become rich before it becomes old?".

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful