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A few statistics about India

From President’s speech in 2007:

  • “Today, the average age of India’s population is below 25 years. Approximately, 77 crore of our people, or about 70 percent of the population, fall below the age of 35.”

From Tracking The Growth of India’s Middle Class:

  • “Over the next 20 years, India will likely grow to become the world’s fifth-largest consumer economy.”
  • “If India can achieve 7.3 percent annual growth—a reasonable assumption if economic reforms continue—consumer spending will quadruple, from about 17 trillion Indian rupees ($372 billion) in 2005 to 70 trillion rupees in 2025. The dramatic growth in India’s middle class, from 50 million to 583 million people, will power this surge.”

From “Tainted money” by Devinder Sharma:

  • “In India, 77% of the population is able to spend only Rs 20 a day.”

From Atanu Dey :

  • “Today one of out every two children below five is malnourished”

From Shashi Tharoor :

  • “Anything that you say about India, the opposite is also true. But India is more than the sum of its contradictions.”
  • “600 million people don’t have electricity”
  • “260 million are below poverty line, i.e., < 30 rupees per day”
  • “400 million illiterates”
  • “540 million people < 25 years”
  • “60 million child labourers”
  • “72% of children in govt. schools drop out before 8th standard”
  • “IT employs a total of 5 million people, but 10 million people enter workforce each year”

Feel free to draw your own conclusions.

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Comments

  1. I have a feeling – that we will see a more than 7-8% growth rate. I’m not too sure that we’ll have a consistent linear growth.

    Lets see if we can’t make India the 2nd or 3rd largest consumer economy in the enxt 20 years…

  2. Swaroop says:

    @Ankesh I agree. But I still feel we will be much better off by improving the other statistics that I have mentioned, and maybe even the gross national happiness :)

  3. great statistics!
    //Anything that you say about India, the opposite is also true:—-
    thats because we have the system which accumulates money/power to some people, industries and jobs to some regions which really take away the fact of inclusive growth. Decentralization of the powers in economic and social areas will really lead us to the best tomorrow! We must see the growing human population as growing human resource for innovation, production and services [prioritizing from start to end]. May be we will have a consistent statistics then!

  4. New York says:

    Wish-list of a Common Man in India.

    Free Universal Health Care in Corporate Hospitals (http://tr.im/lKB3)
    Social Security Pensions for all Indian Citizens (http://tr.im/n2vG)

    India will remain a Third World Nation (http://tr.im/q7xT) on this planet, until these programmes are implemented .

    American budget for 2007 totals $2.8 trillion.
    Percentages in parentheses indicate percentage change compared to 2006.
    This budget request is broken down by the following expenditures:

    * $699.0 billion (+4.0%) - Defense
    * $586.1 billion (+7.0%) - Social Security
    * $394.5 billion (+12.4%) - Medicare
    * $367.0 billion (+2.0%) - Unemployment and welfare
    * $276.4 billion (+2.9%) - Medicaid and other health related
    * $243.7 billion (+13.4%) - Interest on debt
    * $89.9 billion (+1.3%) - Education and training
    * $76.9 billion (+8.1%) - Transportation
    * $72.6 billion (+5.8%) - Veterans' benefits
    * $43.5 billion (+9.2%) - Administration of justice
    * $33.1 billion (+5.7%) - Natural resources and environment
    * $32.5 billion (+15.4%) - Foreign affairs
    * $27.0 billion (+3.7%) - Agriculture
    * $26.8 billion (+28.7%) - Community and regional development
    * $25.0 billion (+4.0%) - Science and technology
    * $23.5 billion (+0.0%) - Energy
    * $20.1 billion (+11.4%) - General government
    

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