Effect of Population Explosion on the Indian Economy

Topics: Economics, World population, Economic development Pages: 2 (586 words) Published: October 29, 2010
Next to China, India is the second largest populated country in the world. In 2001, India became the second country after China to cross the one billion mark. The current population is around 1.15 billion. India occupies only 2.4% of the world’s land area but it supports over 15% of the world’s population. About 70% of the Indian population lives in more than 550,000 villages. The balance stays in more than 200 towns and cities. India is expected to surpass China in total population by 2030 (five years earlier than previously estimated). As per the current demographic statistics, India’s population is slated to rise by almost 350 million over the next quarter century, twice as fast as China, United States and Western Europe combined. As the population rises, so will poverty. Being a developing country, the increasing growth rate is dragging India into a vicious cycle of population and poverty, which leads to a development trap. This further increases other problems like illiteracy, unemployment and inflation. Eradication of poverty is a very long-term goal in India. But poverty alleviation is expected to make better progress in the next fifty years than it did in the past. An increasing stress on education, the increasing empowerment of women and the economically weaker sections of society, and the reservation of seats in government jobs are all expected to contribute to the easing of poverty in India. Overpopulation is a hindrance in the path of India’s economic development. Family planning awareness should be sown among the younger generations. Use of contraception should be encouraged. Smaller families contribute to the well being of the individual as well as to India’s economy. India’s vast population puts a lot of stress on the economic infrastructure. It is high time that we Indians took measures to control this escalating population for the progress of our economy, our country.

Population growth has its own effects on economic growth of a country as...
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