The two countries, China and India are fighting to produce more human being in their countries to fight for the world largest cheapest labour.
Is this a healthy sign?
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India is now the world’s most populous country and its fifth largest economy. By the end of the decade, it is projected to be the third largest, behind only China and the USA. It has a vast youth population while its GDP growth outstrips other top ten economies. Its geopolitical importance is also growing amid a rapidly changing global order. India now has ambitions to become a global economic superpower. But there are serious question marks. It remains an extremely poor country, with major inequalities from female labor force participation to education. Other issues such as ethnic tensions, democratic decline and environmental damage are fraying the fabric of the Indian Republic. In this episode of Business Beyond, we ask if India can seize its moment.
00:00 Introduction 02:01 India’s economy: growing fast 04:29 India’s plan 06:25 The structure of the Indian economy 10:35 India’s human capital problem 13:42 India’s gender gap 16:11 The Education problem 18:24 Other threats 20:04 Conclusion
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