12 July, 2015

1.2 billion Indians

It was world population day on July 11 and India's population has already crossed 1.27 billion mark. As per government agencies the population growth rate is 1.6%. This means that every year the population grows by 20 million. That is equal to almost the population of Australia.

There are so many people in our country. I just wonder what will happen to India when she gets old? Like the European countries which have less people to work and more old people to take care of. India is doomed if it gets into such situation.

Credit - Wikipedia
On one hand India is set to become the youngest country by 2020 (report), while it also sits on an elderly population timebomb (report). As per reports, the old population over 60 is expected to be close to 300 million by 2050 and India's current healthcare and social security system is inherently incompetent to address this challenge. Of course India will still be a young nation in 2050, it will still be a challenge to support an increasing old population.

Population is an asset for a country if it is managed properly. The working population should be able to provide sufficient earnings for a country to support its elderly, and other non-working population. India is in its youth right now, which is itself the perfect time to plan for the future.

The current government is on a right path to stabilize the economy by starting campaigns (Make in India, Digital India) to boost employment for the youth. In a layman's terms, India should make lots of money, improve services and infrastructure and SET UP A FOUNDATION for a brighter future.