is population a major challenge for indian economy's growth? Related: ...
Population as a Major Challenge for Indian Economy's Growth
Population is indeed a major challenge for the growth of the Indian economy. With a population of over 1.3 billion people, India is the second most populous country in the world. This large population poses various challenges to the economy, such as:
- **Pressure on Resources**: The rapidly growing population puts immense pressure on the limited resources of the country, leading to issues like food scarcity, water scarcity, and energy shortages.
- **Unemployment**: The high population growth rate results in a large number of people entering the workforce every year. This leads to high levels of unemployment and underemployment, as the economy struggles to create enough jobs for the growing labor force.
- **Income Inequality**: The large population exacerbates income inequality in India, as a significant portion of the population remains stuck in poverty while a small segment benefits from economic growth.
- **Infrastructure Strain**: The growing population puts a strain on the country's infrastructure, such as transportation, healthcare, and education systems. This leads to inadequate infrastructure and services, further hindering the country's economic development.
- **Environmental Degradation**: The large population contributes to environmental degradation through increased pollution, deforestation, and depletion of natural resources. This poses a threat to sustainable development in the long run.
In conclusion, while India's large population can also be seen as a demographic dividend with a large workforce, it presents significant challenges that need to be addressed for sustainable economic growth. Efforts to control population growth, improve education and healthcare, and create more job opportunities are essential to overcome these challenges and ensure inclusive growth for all segments of society.
is population a major challenge for indian economy's growth? Related: ...
Population growth is a major challenge for economy growth in India as it is the second-most populated nation in the world. India’s birth rate is more as compared to the death rate. Many times, the government has to take care of the basic requirements of clothing, food, medicine, shelter, etc. These circumstances increase the economic burden of the nation.
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